CGD Policy Blogs
This is a joint post with Julie Walz and originally appeared on The Broker Website.
The new Dutch government plans to cut spending on foreign aid from 0.8% to 0.7% of gross national income. Of course, by international standards, the Netherlands will remain one of the most generous nations when it comes to foreign aid: only a handful of countries even come close to 0.7%. Still, the prospective cut raises questions: Is the Netherlands shirking its responsibilities to the developing world?
We would answer: It need not, even if aid is cut.
Here is what I liked about President Obama’s UN speech on development last week, what I liked less, and what to watch for next. I conclude with an epilogue on this week’s historic gathering of secretaries Clinton, Gates, and Geithner, USAID Administrator Shah, and Chief Executive Officer of the Millennium Challenge Corporation, Daniel Yohannes for the U.S.