News

Egypt Among the World’s Top Recipients of Development Aid

Egypt Among the World’s Top Recipients of Development Aid

Aerial View Of Cairo

Egypt was the top recipient of official development assistance (ODA) in  2013 at $US 5.5 billion, said United Nations report on Friday.

The report, titled “Taking Stock of the Global Partnership for Development”, was prepared by the Millennium Development Goals (MDGs) Gap Taskforce to track the five core domains of the global development, namely market access, debt sustainability, Access to affordable essential medicines And to new technologies in middle and low income countries from 2000 to 2015.

It added that developed countries provided of 0.3% of their gross national income (GNI) in assistance to developing countries, an increase from $81 billion in 2000 to $135 billion in 2014.

Of the total 148 countries and territories,  10 countries received 37 percent of total net ODA. Egypt topped  four of the middle-income countries, including (Egypt, Viet Nam, the Syrian Arab Republic, and Turkey) receiving the aid.

The Millennium Development Goals of 8 goals have been set at the Millennium Summit of the United Nations in 2000.

The goals include the elimination of hunger and extreme poverty, achieving universal primary in education, promoting gender equality, reducing child mortality, improving maternal health, combating  AIDS and malaria, ensuring environmental sustainability and  establishing of an international partnership for development.

Egypt saw a surge in aid transfers from the Gulf following 30 June 2013, when protests broke out against the rule of former Islamist president Mohamed Mursi.

The volume of Egypt’s foreign aid has reached $16.7 billion during the fiscal year which started on July 2013 and ended June 30, 2014, according to Egypt’s 2014-2015 financial budget report.

11 Arrested for Alleged Homosexuality in Cairo-Wide Campaign
Born of Sin: The Ugly Truth Beyond the Orphanage

Subscribe to our newsletter


News
@AswatMasriya_En

Aswat Masriya is a Thomson Reuters Foundation-sponsored website that covers Egypt's transition to democracy. en.aswatmasriya.com

More in News

Sisi at UN: Let Us Recall Values of Nelson Mandela, World Needs to Address Conflict Root Causes

Sara AhmedSeptember 25, 2018

‘Sisi is a Great Friend’: Trump and Sisi Meet at United Nations

Mirna AbdulaalSeptember 25, 2018

Saudi Women Take Off their Veils in Solidarity with Feminist Tarif Alassiri

Nour EltiganiSeptember 24, 2018

IMF’s Lagarde: Egypt’s Economic Growth Among Highest in Middle East

Sara AhmedSeptember 24, 2018

Ministry of Antiquities: Baron Palace Renovation Will be Complete Within a Year

Sara AhmedSeptember 24, 2018

‘Misr Al Kheir’ Supports Disadvantaged Egyptian Children by Selling their Artwork

Mirna AbdulaalSeptember 24, 2018

Shubra District Head Suspended After Deadly House Collapse

Nour EltiganiSeptember 23, 2018

Egypt Appeals Court Releases Mubarak Sons, Dismisses Judge

Egyptian StreetsSeptember 22, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.