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    • Development Assistance

    Rich nations reverse aid cuts to poorest — but debt distress still looms

    Official development assistance to least developed countries and sub-Saharan Africa rose again last year, OECD figures show — after much-criticized falls in 2022.

    By Rob Merrick // 11 April 2024

    Aid from wealthy donor nations to the lowest-income countries has bounced back after a shock fall in 2022 — but they have been warned they are still “falling short” of the help required to combat debt distress and the climate crisis.

    A record $223.7 billion of official development assistance was delivered in 2023 by the 31 members of the Development Assistance Committee hosted by the Organisation for Economic Co-operation and Development — a 1.8% real-terms rise on $211 billion in 2022, the annual statistics show.

    Crucially, bilateral sums flowing to the group of least developed countries and to Sub-Saharan Africa rose by 3% and 5% respectively, after huge controversy over declines of 6.2% and 7.8% in 2022.

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    More reading:

    ► How tighter ODA budgets will change development this year (Pro)

    ► OECD knocks UK aid record and says mission to ‘reduce poverty’ in doubt

    ► How much official development assistance does each country get? (Pro)

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    About the author

    • Rob Merrick

      Rob Merrick

      Rob Merrick is the U.K. Correspondent for Devex, covering FCDO and British aid. He reported on all the key events in British politics of the past 25 years from Westminster, including the financial crash, the Brexit fallout, the "Partygate" scandal, and the departures of Boris Johnson and Liz Truss. Rob has worked for The Independent and the Press Association and is a regular commentator on TV and radio. He can be reached at rob.merrick@devex.com.

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