Tuesday 6 January 2009

Obama and Biden promise but others deliver


Obama and Biden are promising that they "will embrace the Millennium Development Goal of cutting extreme poverty and hunger around the world in half by 2015, and they will double our foreign assistance to achieve that goal. This will help the world's weakest states build healthy and educated communities, reduce poverty, develop markets, and generate wealth."
So what will that mean?
An increase in foreign aid as a percentage of US Gross National Product from around 22% of one per cent to 44% of one per cent?
With most of it targeted to flow into Iraq or Afghanistan and out again in the pockets of American corporations?
Well whoopee.......the US might just retain its position as second last within DAC for this statistic.

Think we Aussies with a population of only about 21 million do a bit better than that in percentage terms.
According to the OECD:
"Australia has made substantial, positive changes to its aid programme since 2004, reinforcing its focus on reducing poverty, on promoting the MDGs, and completely untying its aid programme. Its aid volume was USD 2.67 billion in 2007, representing 0.32% of its gross national income (GNI). Australia has committed to contributing 0.5% of its GNI to official development assistance (ODA) by 2015/16."

Of course the sheer size of the American economy up to 2007 has meant that the US was at, or near, the top of the table for total of actual dollars contributed when you include its debt forgiveness to countries it unlawfully invaded, politically destabilised etc., and its low-interest loans.

Aid at a Glance charts for all donor countries are found
here.

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