Organisation for Economic Cooperation and Development (OECD) announced that over the course of 2020 DAC donors allocated 161.2 billion USD of official development assistance (ODA), more commonly known as ‘development aid’. Despite the long-standing commitment to contribute 0.7% of gross national income towards ODA, the 2020 figures show that only 32 cents for every 100 USD in national income was allocated to addressing global development and humanitarian challenges. Such low ODA levels are both economically unwise and morally flawed, given the current pandemic and interconnected crises, including climate change, conflict, fragility, and rising poverty and inequalities. They are calling on DAC members to fulfill and exceed the 0.7% target for ODA; to work with the experience of partner countries, DAC members and other stakeholders to ramp up the role of aid in support of health, education, social protection, peacebuilding, and conflict prevention in the midst of this unfinished crisis; to uphold the integrity of ODA, and to uphold human rights and development effectiveness principles. Read more here.
Source: DAC- CSO Reference Group