Developing world gets less aid, donors lagging on targets: OECD

0 Comments | AFP, April, 2008

PARIS (AFP) — Aid to the developing countries fell last year and most donors are falling behind on their stated commitments to increase the amount of money they give, the OECD said in a report on Friday.

"Overall, most donors are not on track to meet their stated commitments to scale up aid and will need to make unprecedented increases to meet the targets they have set for 2010," it said in a statement.

Additionally, based on a survey of donors' future spending plans to 2010 -- the date set by the Group of Eight Gleneagles and UN Millennium accords -- there is a considerable shortfall looming, it said.

"Efforts to increase aid are being factored into some donors' forward plans but it still leaves about 34 billion in 2004 dollars ... to be programmed into...