Foreign aid: shortfall since 1970 over $4 trillion; greater than aid given

40 years ago, rich country governments agreed to give 0.7% of their GNI (Gross National Income) as official aid to poor countries for development assistance. The average aid delivered each year has actually been between 0.2 to 0.4%. The shortfall has therefore accumulated to $4.37 trillion dollars at 2010 prices, while total aid delivered in that same time frame has reached $3.19 trillion. This update includes updated charts and graphs that look into this further. Read full article: Official global foreign aid shortfall: $4 trillion

News News
Nov 28, 2022 - 10:28
0 0
Foreign aid: shortfall since 1970 over $4 trillion; greater than aid given

40 years ago, rich country governments agreed to give 0.7% of their GNI (Gross National Income) as official aid to poor countries for development assistance.

The average aid delivered each year has actually been between 0.2 to 0.4%. The shortfall has therefore accumulated to $4.37 trillion dollars at 2010 prices, while total aid delivered in that same time frame has reached $3.19 trillion.

Year after year, the accumulated shortfall increases at almost a steady rate

This update includes updated charts and graphs that look into this further.

Read full article: Official global foreign aid shortfall: $4 trillion