Wednesday, October 12, 2011
Increasing Private Sources of Aid
In a recent feature, Devex published an OECD chart depicting levels of aid sources from both public and private sources from the larger countries. The chart suggests that there is evidence that prominent private foundations are expanding their global development role.
The chart shows the extent of this giving in the context of the yearly foreign aid contributions of the top 10 OECD-DAC countries from 2003-2009.
As Devex notes, "In 2007, 2008, and 2009 (the last three years that the OECD tracked net private grants to the developing world), private grants increased considerably, amounting to about one fifth of total ODA from the top 10 OECD-DAC countries.
In the face of U.S. government aid spending reductions and European aid austerity measures, it will be interesting to see if the balance continues to shift and how organizations such as the Bill and Melinda Gates Foundation influence the global development agenda."
Posted by KNO at 9:56 AM