The article discusses a significant decrease in international aid spending by wealthy countries in 2024, marking the first decline in five years. According to preliminary data from the OECD, funding from the Development Assistance Committee dropped by 7.1%, amounting to a $15.7 billion reduction. This decline is linked to various factors, including decreased contributions to international organizations, dwindling aid for Ukraine, and cuts in humanitarian assistance. Countries like the US and UK are shifting aid into defense spending, raising concerns about future support for vulnerable populations globally.
Spending on international aid by wealthy countries fell in 2024 for the first time in five years, with a substantial drop in contributions attributed to various factors.
Data from the OECD shows that funding from the Development Assistance Committee dropped 7.1% year-on-year, indicating a concerning trend for international aid.
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