WASHINGTON: In a time of mounting economic and humanitarian challenges, help for the world’s poorest Countries is steadily decreasing as rich nations follow the United States’ lead in cutting back on foreign aid.
In real terms, economic and humanitarian foreign aid has fallen to its lowest level in two decades.
Half of the wealthiest states cut their aid programs by more than a third between 1993 and 1994, according to the latest report by the Organization of Economic Cooperation and Development, which tracks the budgets of 24 major industrialized nations.
Article extracted from this publication >> June 23, 1995
