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Aid to poor countries slips further as governments tighten budgets

03/04/2013 - Development aid fell by 4% in real terms in 2012, following a 2% fall in 2011. The continuing financial crisis and euro zone turmoil has led several governments to tighten their budgets, which has had a direct impact on aid to poor countries. There is also a noticeable shift in aid away from the poorest countries and towards middle-income countries. However, on the basis of the DAC Survey on Donors’ Forward Spending Plans, a moderate recovery in aid levels is expected in 2013.

Read the full report on the OECD website.