OECD annual statistics show decreased EU aid
Tuesday 03 April 2012
The Organisation for Economic Cooperation and Development (OECD) is to publish, on 4 April, its annual aid statistics for the year 2011, assessing official development assistance (ODA) figures by global donors. According to preliminary results seen by
Europolitics, the EU’s ODA decreased throughout the year, mainly because of budgetary cuts following the financial crisis. Greece has reduced its aid to developing countries by 39%, while Spain did the same by 32%. Only three countries in the EU15 have increased their ODA share (Germany, Italy and Sweden).