Aid statistics involve collection, organization and interpretation of numerical data regarding aid. Aid statistics reveal that in 2006, aid to all countries in the world declined. In 2007, a Global monitoring report of World Bank discloses that there is “scant evidence of any substantial scaling up of aid on the horizon.”
The Development Assistance Committee (DAC) of OECD (Organization for Economic Co-operation and Development) reveals that despite of an overall decline of aid to all countries in the world, some forms of aid are on the rise. Aid from health funds, private sources are growing. China is coming out as a big donor.
In 2006, the overall official assistance from China to Africa was estimated at $19 billion and was expected to grow up further in the coming years.
A report from World Bank reveals that during the period between 2001 and 2005, the total aid from private sources climbed up to $14.7 billion. A report of United Nations Development Program discloses that in the end of 2007, the global funds to fight against HIV-AIDS are also expected to reach $9 billion.
Various studies, organized by World Bank and United Nations discover that further advancement toward the Millennium Development Goals (MDGs) necessitate satisfying net increase in official development aid. An additional of $40-60 billion a year can meet the MDGs.
In 2005, the OECD (Organization for Economic C-operation and Development) approximates that during the period between 2004 and 2010, aid from the DAC countries are expected to grow by $50 billion. It was also observed that 16 of the DAC’s 22 member countries touched the 2006 targets for official development assistance. It was also observed that aid to sub-Saharan Africa was stable in 2006 and was estimated that aid to Africa will be double by 2010. Preliminary data reveal that bilateral net official development aid to sub-Saharan Africa grew by 23% in real terms to approximately USD 28 billion.
The countries like Sweden, Luxembourg, Norway, the Netherlands and Denmark are showing satisfactory performances of reaching or exceeding United Nations target of 0.7% of GNI (Gross National Income). In 2006, the largest donor was United States, followed by United Kingdom, Japan, France and Germany.
|Meaning of Aid||Federal Aid|
|Financial Aid||Aid to Developing Countries|
|Foreign Aid||Bailout Beneficiaries|
|Legal Aid||Aid Statistics|
|Public Aid||Aid Trade|
Last Updated on : 10th July 2013