Africa: Obscene Amount of Aid Is Going Back Into the Pockets of Rich Countries

press release

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid for 2022.

In response, Marc Cohen, Oxfam aid expert, said:

"In 2022, rich countries pocketed an obscene 14.4 percent of aid. They robbed the world's poorest people of a much-needed lifeline in a time of multiple crises.

"Donors have turned their aid pledges into a farce. Not only have they undelivered more than 193 billion dollars, but they also funneled nearly 30 billion dollars into their own pockets by mislabeling what counts as aid. They continue to inflate their aid budgets by including vaccine donations, the costs of hosting refugees, and by profiting off development aid loans. It is time for a system with teeth to hold them to account and make sure aid goes to the poorest people in the poorest countries.

"There is no room for excuses. We can't allow rich countries to argue their pockets are empty. Donor governments could raise over a trillion dollars annually through a modest wealth tax alone. The only thing lacking is the political will to put the poorest before the rich."

AllAfrica publishes around 600 reports a day from more than 110 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.