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banner image: Africa: After The Promises

Aid

Aid flows to Africa declined in the 1990s as problems such as corruption put off Western donors. Now official development assistance is beginning to flow back to Africa, and at the Gleneagles summit rich countries promised to double aid from $25bn to $50bn by 2010. In 2005, official figures show a sharp increase in total aid to a record $106bn, up 31% since 2004.

But much of the increase was one-off debt forgiveness to Iraq and Nigeria of $14bn and $5bn; excluding these, aid rose by 8.7%. To meet their pledges, rich countries will have to increase aid by 60% by 2010 at a time of increasing budget deficits.

This could particularly affect aid flows from the United States and Italy.



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