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$106 billion: The amount in US dollars of aid to developing countries in 2005

Millennium Development Goal 8: Develop a global partnership for development
Target: Address the special needs of the least developed countries, landlocked countries and small island developing States


Aid to developing countries has increased steadily since 1997, reaching $106 billion – one third of one per cent of donors’ combined national income – in 2005. Debt relief accounted for over half of the increase since 1997 and three quarters of it in 2005. This relief, while welcome, will not necessarily release more money for poverty reduction. Similarly, emergency and disaster relief, also a large part of the increase in aid, although essential, does not address long-term development needs. Other forms of aid rose by 9 per cent in 2005, continuing a recovery that started in 2004. The 50 least developed countries now receive about one third of all aid flows, and donors have pledged to double aid to Africa, where most of these countries are located, by 2010.

Source: UN DESA, The Millennium Development Goals Report 2006, New York, June 2006.


 

 

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