For two consecutive years, global development aid has increased, according to the latest figures released today by the OECD Development Assistance Committee (DAC). The 2016 statistics report an increase of 8.9% (USD 142.6 billion). However, 1.8% of this increase actually stayed in the donor country, including EU Member States, with relatively little effect on poverty eradication and sustainable development since it is used to cover in-donor costs to address the refugee crises. At the same time, net global bilateral ODA to least developed countries fell by 3.9% in 2016 (USD 24 billion). Read more here.
Source: Concord Europe