Even as emerging donors gain clout in the foreign aid industry — the rise of the Asian Infrastructure Investment Bank is case in point — traditional donors remain, by far, the dominant source of development finance globally.
On Wednesday, preliminary data from the Organization for Economic Cooperation and Development revealed that net total official development assistance from the OECD Development Assistance Committee, the donor grouping for industrialized countries, reached $135.2 billion in 2014, just above its record high of $135.1 billion in 2013.
By comparison, Devex estimates that aid flows from the BRICS economies — Brazil, Russia, India, China, South Africa — likely did not exceed $10 billion in 2013. (Stay tuned to Devex for our exclusive report on emerging donors later this quarter).
As Devex just reported, while OECD-DAC aid flows to the world’s poorest countries did fall 16 percent to $25 billion in 2014, donors’ forward-spending plans augur a sharper focus on least-developed countries through 2018.