World's poor­est coun­tries re­ceiv­ing de­clin­ing share of global fi­nanc­ing

Financial Nigeria Magazine - - Finance -

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

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