World's poorest countries receiving declining share of global financing
ONE Campaign, last month, released a new report that says the world's poorest countries are receiving a declining share of global financial resources. The 2017 Data Report, titled “Financing for the African Century,” shows that global Official Development Assistance (ODA) was $140.1 billion in 2016, a 7.4% increase from 2015 in real terms – but that the least developed countries' (LDCs) share fell to 28% in 2016, down from 32% four years ago.
“The share of global aid going to Africa has dropped from 36% in 2012 to 32% in 2016,” noted ONE. It said that falling commodity prices have led to a 24% decline in Africa's revenues since 2012, and FDI