There were 848 press releases posted in the last 24 hours and 400,633 in the last 365 days.

Oxfam: Keeping aid to world’s poorest countries at stagnating levels is a “moral failure and betrayal”

ODA from DAC member countries totalled $223.7 billion in 2023. On average, DAC members allocated 0,37 percent of their gross national income (GNI) to fund aid, similar to 2022 levels, and far below the long-standing commitment to allocate 0.7 percent of their GNIs. In 2023, only Luxembourg, Norway, Sweden, Germany and Denmark lived up to this promise and, altogether, DAC countries would have had to increase their contributions by almost $200 billion to meet this commitment. More than 50 years after rich countries agreed on the 0.7 percent target, only six have ever met or exceeded it.

Spending on "in-donor refugee costs", which makes DAC countries recipients of their own aid, accounted for 13.8 percent of ODA ($30.9 billion) in 2023, down from 14.7 percent in 2022.

Oxfam calculates that a wealth tax of up to 5 percent on DAC member countries’ multi-millionaires and billionaires could raise $1.23 trillion a year. This is equivalent to roughly three times the 0.7 percent ODA/GNI target, or about 2 percent of DAC member countries’ aggregated GNIs. As per the DAC’s methodology, Oxfam used GDP data from OECD databases as a proxy for this calculation since GNI data for 2023 are not yet available.

According to Forbes, the wealth of the 10 richest men in the world rose to $1.47 trillion in December 2023, $30 billion more than a month earlier.

According to the World Health Organization, almost 800 women died from preventable causes related to pregnancy and childbirth every day in 2020, and almost 95 percent of maternal deaths occurred in low- and lower middle-income countries.
 

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.