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.
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About the author
Lorenzo Piccio@lorenzopiccio
Lorenzo is a contributing analyst for Devex. Previously Devex's senior analyst for development finance in Manila, he is currently an MA candidate in international economics and international development at the Johns Hopkins School of Advanced International Studies in Washington. Lorenzo holds a bachelor's degree in government and social studies from Wesleyan University.
