Aid from rich countries falls
OFFICIAL development aid supplied by the world's wealthiest donor countries slid 5.1 per cent last year from a record in 2005, the peak year for write-offs of debt owed by Iraq and Nigeria, the OECD has said.
Aid from the 22 countries in the Organisation for Economic Co-operation and Development slid to $103.9 billion (53 billion) from $106.8 billion, it said, adding that a pledge to double the fund flow to Africa by the end of the decade remained a challenge.
That pledge was made at Gleneagles in 2005.
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Weather for Edinburgh
Sunday 27 May 2012
Today
Sunny
Temperature: 10 C to 22 C
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Temperature: 9 C to 21 C
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