Published 24 April 2020 in Facts and figures, News
On Thursday, the 16th of April 2020, the OECD published its preliminary data on Official Development Assistance (ODA) allocated by Donor Countries for 2019.
ODA issued by members of the OECD’s Development Assistance Committee (DAC) members reached a historical level of USD 152,8 billions in 2019, up from 1,4% in 2018.
In 2019, total ODA amounted to 0.30% of the combined gross national income of DAC countries, remaining far below the 0,7 % of GNI target, which was adopted back in 1970 by the United Nations’ industrialized countries.
It must be noted that for the current year, on an exceptional basis, all direct aid linked to COVID-19 allocated by eligible countries, will be recorded as ODA.
According to OECD/DAC preliminary figures, France’s aid increased by 4.2% in 2019 compared to 2018, totalizing euros 10,877 billion and 0.44% of France’s GNI, following the financial trajectory adopted by France in 2018 (aiming to progressively reach 0.55% GNI/ODA by 2022).
This trend is mainly due to increases in bilateral ODA grants, especially related to budget support, a higher volume of in-donor refugee costs reported (9.8% of France’s total ODA) and an increase in support to private sector instruments and sovereign loans on a grant equivalent basis (+12%).
Yet, donations are the most relevant way to support low-income countries in achieving the SDGs.
Despite this increase, France still has a long way to go to reach the 0,7% target, and join countries such as Denmark, Luxemburg, Norway, Sweden and the United Kingdom that have already achieved this.
France still ranks fifth among donor countries in volume spent on foreign aid, after the United States, Germany, the United Kingdom and Japan.