News & Observer | newsobserver.com | Aid from rich to poor countries falls

Published: Sep 05, 2008 12:30 AM
Modified: Sep 05, 2008 06:23 AM

Aid from rich to poor countries falls

 

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UNITED NATIONS - Development aid from the United States and other wealthy countries has declined since the middle of this decade, jeopardizing the ambitious U.N. goal that such countries had embraced for reducing poverty by 2015, according to a report issued Thursday.

The report card on the Millennium Development Goals, the U.N.'s 15-year global anti-poverty plan, cited improvement in easing the debt burdens of the world's neediest countries but said pledges to help them with stepped-up aid and lower trade barriers were faltering.

It said development aid from the United States, the largest benefactor, fell 10 percent last year to $21.7 billion. Japan's dropped 30 percent, and the European Union's nearly 6 percent. The report said the 22 donor countries committed to the plan must increase their development aid by $18 billion a year between now and 2010 to meet targets they accepted three years ago.

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