The historic aid contract between the world’s richest countries and less developed nations is irreversibly changing. But what comes next could eventually produce better long-term outcomes for all concerned.
Official development assistance (ODA) is falling steeply across the world. OECD projections show a 9-17 per cent fall in 2025, on top of a 9 per cent decline already recorded in 2024. That means the total amount of global ODA could be $60 billion less than in 2023.
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