Bilateral aid from DAC members to LDCs fell by 16 per cent in 2014

Member countries of OECD-DAC spent over US$135 billion on development assistance in 2014. When compared to 2013, ODA flows declined by 0.5 per cent in real terms in 2014. The decline was disproportionately large in the case of ODA flows allocated to the LDCs. Bilateral aid to LDCs fell by 16 per cent in 2014. The drop in assistance to LDCs can partly be explained by the debt relief for Myanmar in 2013, which had pushed the flows to a historic high. However, even after controlling for debt relief, flows to LDCs dropped by 8 per cent in real terms. A survey on aid spending plans indicates that country-level aid to LDCs will recover in the coming years.

Source:

  1. Public Finance International
  2. OECD website