OECD: Key Donors Short on Meeting 2005 Pledges

Italy, Germany, Japan and several other rich nations will fail to deliver aid pledges they made five years ago, the Organization for Economic Cooperation and Development said, according to Reuters. OECD stated in a recent report that there would be a USD21 million discrepancy between actual donations and aid pledges this year.

Total official development assistance in 2010, the OECD said, will be USD107 billion. In 2005, G-8 leaders pledged USD128 billion. Africa, the organization added, will be the most affected by the funding gap.

Emma Seery, head of Oxfam Campaign, said this failure of donors to fulfill their pledges is “nothing short of a scandal.” Rich countries, she added, have no excuse for failing to deliver the aid they promised.

“Countries such as the U.K., Spain and Belgium are demonstrating it is possible to show development leadership,” she said, “and we still hope to see others like France, Germany and Italy stepping up and making a rescue plan a reality in 2010.”

About the author

  • Ivy mungcal 400x400

    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.