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At the 2005 Gleneagles Summit, the G8 committed to doubling aid to Africa by 2010. Aid for all developing countries will increase at a rate of US$50 billion per year until 2010, with US$25 billion extra per year for Africa.
The Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) has reported that official development assistance (ODA) from DC members fell by 8.4% in real terms in 2007 to US$103.7 billion. This decline, however, was expected. ODA had been exceptionally high in 2005 (US$107.1 billion) and 2006 (US$104.4 billion), due to large Paris Club debt relief operations.
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ODA in US$ million current |
Percentage change from 2004 to 2005 |
Canada |
3 756 |
+31.2 |
France |
10026 |
+16.8 |
Germany |
10082 |
+32.9 |
Italy |
5091 |
+101.4 |
Japan |
13147 |
+51.7 |
Russia |
Russia is not a member of the DAC |
|
United Kingdom |
10767 |
+35.0 |
United States |
27622 |
+36.5 |
|
ODA in US$ million current |
Percentage change from 2005 to 2006 |
Canada |
3 713 |
-9.2 |
France |
10 448 |
+1.4 |
Germany |
10 351 |
+0.9 |
Italy |
3 672 |
-30.0 |
Japan |
11 608 |
-9.6 |
Russia |
Russia is not a member of the DAC |
|
United Kingdom |
12 607 |
+13.1 |
United States |
22 739 |
-20.0 |
|
ODA in USD million current |
Percentage change from 2006 to 2007 |
Canada |
3 922 |
-2.7 |
France |
9 940 |
-15.9 |
Germany |
12 267 |
5.9 |
Italy |
3 929 |
-3.6 |
Japan |
7 691 |
-30.1 |
Russia |
Russia is not a member of the DAC |
|
United Kingdom |
9 921 |
-29.1 |
United States |
21 753 |
-9.9 |
*Source: Organisation for Economic Co-operation and Development
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