OECD: Aid dropped in 2006 for the first time since 1997

Aid dropped 5.1 per cent from 106.8 billion in 2005 – a record high – to 103.9 billion in 2006. The high levels in 2005 were due largely to debt relief operations in Iraq and Nigeria. Excluding debt relief, other forms of aid fell by 1.8 per cent. ODA is expected to fall again in 2007 as debt relief tails off. Programme and project aid should then increase as donors fulfil more recent pledges. Sixteen of the DAC’s 22 member countries met the 2006 targets for ODA that they set at the 2002 Monterrey Conference on Financing for Development. http://www.oecd.org/document/17/0,2340,en_2649_33721_38341265_1_1_1_1,00.html