Foreign aid spending by 24 countries, including the US, UK and European Union, fell by more than $15bn last year – before the impact of huge cuts by Donald Trump have taken effect. Nick Ferris reports

International aid fell in 2024 for first time in five years – and is expected to get worse Foreign aid spending by 24 countries, including the US, UK and European Union, fell by more than $15bn last year – before the impact of huge cuts by Donald Trump have taken effect.

Spending on international aid by wealthy countries fell in 2024 for the first time in five years, data shows.

Funding from the Development Assistance Committee – a group of 24 territories that includes the US, UK, Australia, and EU member-states – fell by 7.1 per cent year-on-year, down $15.7bn, preliminary 2024 data published by the OECD on Wednesday shows.

This trend is expected to increase significantly as the US cuts huge swathes of its aid spending and other countries, including the UK, redirect aid money into other areas including defence

  • huppakee@lemm.eeOPEnglish
    1·
    11 hours ago

    Official development assistance (ODA) is government aid that promotes and specifically targets the economic development and welfare of developing countries.

    DAC member countries’ bilateral ODA to Ukraine fell by 16.7% in 2024 compared to 2023 and amounted to USD 15.5 billion, representing 7.4% of total net ODA (a decline from 8.0% in 2023). Contributions from EU Institutions outpaced those from DAC member countries combined.

    The part that is not given in the form of weapons is counted, but looking at the data I don’t think the aid offered to Ukraine is a factor in the overall decline.

    Edit: I quoted this from https://www.oecd.org/en/topics/official-development-assistance-oda.html not from the article