Global aid flows fell by nearly 3 percent in 2011 according to a recent announcement from the Organization for Economic Cooperation and Development (OECD). The drop in development assistance is considered a result of the global recession and fiscal-tightening as governments trim expenditures to balance budgets. Altogether, aid flows fell by $3.4 billion to a total of $133 billion, the first decrease in development assistance since 1997 (disregarding years of exceptional debt relief).
CGD Policy Blogs
Secretary of State Hillary Rodham Clinton will testify this week before four separate congressional committees on the FY13 president’s budget request for the State Department and U.S. Agency for International Development. The hearings will likely run the gamut of U.S. priorities in national security and foreign policy (all through the lens of budget austerity) and can be expected to hone in on hot button issues like Afghanistan, the Arab spring, and family planning.