Donors’ Credibility at Stake Due to Aid Shortfall

Developing countries are “right to be skeptical” about the USD10 billion annual climate change aid promised by rich countries given recent reports that developed countries are lagging behind the aid commitments they made five years ago, The New York Times says in its April 24 editorial.

Donor countries could boost their credibility by outlining their plans on how to fill the approximately USD20 billion gap between their aid promises and the actual aid they delivered, NYT says.

“This is not just an issue of morality. It is also one of strategic leverage,” the newspaper argues, explaining that aid is an important part of any strategy against terrorism and global warming as well as promoting global security.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.