International development aid falls in 2024 for 1st time after 5 years of consecutive growth Related news

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ISTANBUL The Paris-based Organisation for Economic Cooperation and Development (OECD) reported on Wednesday that international aid fell by 7.1% in 2024 compared to the previous year, marking the first drop after five consecutive years of growth. The OECD's Development Assistance Committee (DAC) members provided $212.1 billion in international aid in 2024, accounting for 0.33% of their combined Gross National Income (GNI). "The fall in official development assistance (ODA) was due to a reduction