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Rising economies boost foreign aid spending on health

NEW DELHI, March 26 (Reuters) - Spending on foreign aid by the world's main emerging economies is growing rapidly at a time when traditional donors in the West are struggling to keep up funding for global health and development programmes, a health charity said on Monday.

Some of the so-called BRICS countries, which include Brazil, Russia, India, China and South Africa, have traditionally received aid, but fast economic growth over the past decade is turning them into new donors to the world's poor.

China and Brazil are leading the pack, increasing aid spending by more than 20 percent from 2005 to 2010, the GHS Initiatives global health charity said in a report.

Read the full report on AlertNet.