Making the Most of More Aid
In 2014, for the second consecutive year, official development assistance reached a historic high. But such spending could have a substantially greater impact if it were used to mobilize domestic tax flows and private investment in aid-dependent countries.
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PARIS – The effort to eradicate global poverty has never been more intense. In 2014, for the second consecutive year, official development assistance (ODA) totaled a historic high of $135 billion, according to new OECD data. This indicates that advanced economies remain committed to promoting global development, despite their own recent problems.