The report provides detailed statistics on 2007-08 bilateral and multilateral development aid from members of the OECD Development Assistance Committee (DAC), and from selected countries and organisations that are not members of DAC, and on where that aid went. It also addresses a few pointed questions that have been raised both inside and outside the development community: Does development aid have an impact? How can it spur sustainable growth and foster more self-reliance among poor countries? How much aid money is squandered by corrupt governments?
Aid effectiveness is not just about numbers, it’s also about where and how the money is spent, the report says. It discusses the importance of aid for trade and incorporating policies to adapt to climate change in all projects and national strategies. It also focuses on policies for the world’s most fragile states–some 48 countries, plagued by violent conflict and poor governance, abject poverty and high child mortality rates.
©OECD Observer No 279 May 2010