Devex Pro Weekender: Death of the 0.7%, and job cuts at Tearfund

Is the 0.7% dead? It’s more than 50 years since the aid spending target was first set, yet very few countries have ever met it. The only one of the top five donors to hit it in 2022, the latest year for which we have data, was Germany, but there have since been significant cuts to its aid budget. The former flag bearer of the target, the United Kingdom, which enshrined it in law back in 2015, is no longer meeting it and apparently has no intention to do so in the immediate future.

In today’s edition, we hear from an event where questions were raised about the future of the target. Plus, the Nutrition for Growth Summit plays catch up, the Tony Blair Institute heads stateside, and a major development charity loses 10% of its staff.

Coming up: Introverts, this event might be for you. We’ll be hearing from international career coach Simone Anzböck about how to network when you hate it.

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