Finland Spends 0.56% of its GNI on Development Assistance

(FINNBAY) – Helsinki, 9 April 2014. According to the latest statistics, Finland provided €1,081 million in development assistance in 2013, which corresponds to 0.56% of Finland’s gross national income (GNI). This is a slight increase in the GNI share from previous year, when it was 0.53% (€1,027 million).

Development construction

Courtesy of Paisteline581

Only five countries, Denmark, Luxembourg, the United Kingdom, Norway, and Sweden, managed to hit the 0.7% target. In percentages, the increase in ODA was the highest in the United Kingdom, Poland and Sweden. The United Kingdom met the 0.7% ODA target for the first time, increasing its spending by almost €2.9 billion.

Also Read: Minister for International Development Pekka Haavisto and Finland Empowering NGOs and Civil Society Worldwide

On the other hand, the ODA fell in 11 countries, with the biggest decreases in Canada, Portugal and France.

In 2013, the combined official development assistance (ODA) of the OECD Development Assistance Committee (DAC) member states rose by 6.1% in real terms, despite the global economic crisis and continued pressure on budgets in OECD countries.

In 2013, OECD/DAC member states provided a total of USD 134.8 billion in ODA, standing at 0.3% of the combined GNI of these countries.

The bilateral aid provided by OECD/DAC member countries to sub-Saharan Africa decreased by 4% compared to the previous year. However, ODA to the Least Developed Countries (LDCs) rose by 12.3%.

Also Read: The Evolving Role and Challenges of Agriculture in Development: Developing Countries

Overall, net ODA by the DAC-EU countries amounted to USD 71.2 billion in 2013, representing a 10% increase from the year before. In GNI, the ODA provided by EU Member States was 0.41% in 2013.

Explore More