Last updated on June 1, 2011
From a New York Times editorial that seemingly went unnoticed yesterday:
“The Organization for Economic Cooperation and Development (OECD), which keeps track of aid flows, said aid from rich nations in 2010 was $19 billion short of the promises made at the G-8 summit meeting in Gleneagles, Scotland, six years ago. Aid to Africa came in $14.5 billion short. (…)
According to the OECD, most European donors have also failed to hit their pledge to increase aid to 0.51 percent of gross national income (GNI). Italy delivered only 0.15 percent; Germany only 0.38 percent. The United States looks better mainly because it didn’t make such a commitment. Last year, American aid amounted to only 0.21 percent of GNI. It was, however, one of very few countries that made good on its promise to double aid to Africa.”
Mike Pearson must be spinning in his grave: most of those numbers fall far short of the “0.7% pledge target.”
EDIT: Michael Clemens rightly notes that the 0.7% of gross national income was a target, not a pledge.