Weighed down by intense fiscal pressures at home, many donor governments have beentightening their aid spending since the global financial crisis. After rising sharply in the decade following the adoption of the Millennium Development Goals in 2000, bilateral official development assistance has largely flatlined over the past five years.
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Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.