Development aid record

OECD Observer

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The 2005 UN World Summit achieved some notable breakthroughs for development. All countries committed themselves to the Millennium Development Goals (MDGs), and Australia announced new aid targets to add to those of the EU and the G8 in the run up to the summit.

Though Ireland revised its target for reaching the UN recommendation for aid of 0.7% of gross national income from 2007 to 2012, total new commitments will help to bring the MDGs within reach of more countries, provided the commitments are kept.

On the assumption that OECD donors deliver on their various public statements since Monterrey in 2002, the latest simulation by OECD experts completed just before the September summit indicates that their Official Development Assistance (ODA) will increase by about $50 billion. This would take ODA from a little under $80 billion in 2004 to approaching $130 billion in 2010, with a doubling of aid for Africa. All of this amounts to the largest expansion in ODA as measured by the OECD since the Development Assistance Committee (DAC) was formed in 1960, even if at 0.36% of OECD DAC gross national income by 2010, it remains below the 0.50% achieved in the early years of the Committee’s existence.

©OECD Observer No 251, September 2005

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