The Philippines received the third highest Official Development Assistance (ODA) globally from bilaterals and multilaterals between 2020 and 2021.
THE Philippines received the third highest Official Development Assistance globally from bilaterals and multilaterals between 2020 and 2021, according to the Organisation for Economic Co-operation and Development .
“Russia’s war in Ukraine is changing the scale, intensity and type of needs in low- and middle-income countries. Coupled with rising demand for humanitarian resources spurred by disasters and other conflicts, ODA budgets are under severe strain and trade-offs for the world’s poorest people are becoming evident,” OECD said in its latest report.
ODA by Development Assistance Committee member countries amounted to $204 billion in 2022, representing an increase of 13.6 percent in real terms over 2021. This rose to $11.1 billion in 2021, representing 51 percent of total ODA for Covid-19. In 2022, spending on Covid-19 control stood at $7 billion. The sharp increase in 2021 was driven by vaccine donations, which represented $6.4 billion.
“Excluding vaccine donations, ODA in 2021 for Covid-19 control amounted to $4.7 billion. Canada, France, Germany, Japan and the US were the top five DAC-country donors, representing over two-thirds of total DAC aid provided for Covid-19 control other than vaccines,” the report stated.Over the weekend, the World Bank said its Board of Executive Directors approved a $110-million loan to implement the Teacher Effectiveness and Competencies Enhancement Project .
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