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    50 years of Broken Promises: The $5.7 trillion debt owed to the poorest people

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    Author(s)
    Seery, Emma
    Publication date
    2020-10-23
    Subject
    Aid
    Keywords
    International aid

    Social protection
    Public services
    
    Metadata
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    Publisher(s)
    Oxfam
    Document type
    Briefing note
    Description

    This year marks an historic chapter in the story of international aid. On 24 October 2020, it will be 50 years since high-income countries committed to spending 0.7% of their gross national income (GNI) on aid to low- and middle-income countries. 

    This paper examines how aid has helped to improve the wellbeing of people in low- and middle-income countries. It discusses how donors’ broken promises on the 0.7% target have limited the potential of aid to reduce poverty and inequality. Oxfam has calculated that in the 50 years since the 0.7% promise was made, high-income countries have failed to deliver a total of $5.7 trillion in aid. Finally, this paper reflects on the future of aid.

    Pages
    18
    DOI
    10.21201/2020.6737
    ISBN
    978-1-78748-673-7
    URI
    http://hdl.handle.net/10546/621080
    Additional Links
    http://policy-practice.oxfam.org.uk/publications/50-years-of-broken-promises-the-57-trillion-debt-owed-to-the-poorest-people-621080
    ae974a485f413a2113503eed53cd6c53
    10.21201/2020.6737
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