Spain Releases 2009 Multilateral Contribution Report

Spain contributed approximately 1.3 billion euros (USD1.6 billion) worth of aid through multilateral channels in 2009, according to a document released June 11 by the country’s Ministry of External Affairs and Cooperation.

Approximately 75 percent of this amount was contributed to 10 international agencies and organizations including the World Bank, World Food Program, United Nations Development Program, UNICEF and Food and Agriculture Organization, among others. This is in line with Spain’s goal of allocating at least 80 percent of the country’s multilateral contributions to the 10 international bodies by 2012, according to the document.

The report comes after the Spanish parliament approved May 28 the government’s austerity plans, which include a reduction of some 600 million euros from the country’s official development assistance budget over the next two years.

About the author

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    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.