Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Minister of State for Trade and Development Joe Costello (file photo) Wanderley Massafelli/Photocall Ireland

Ireland’s overseas development funding continues to drop, remains below UN target

Ireland gave 0.47 per cent of its GDP in development assistance in 2012, well below the UN target of 0.7 per cent.

IRELAND’S CONTRIBUTION TO overseas development projects has reduced by nearly €100 million since 2009, and remains well below the UN target of 0.7 per cent of GDP.

Money spent on Official Development Assistance (ODA) in 2012 was just under €629 million, or 0.47 per cent of Ireland’s Gross National Product (GNP).

Responding to a Parliamentary Question from Fianna Fáil’s spokesperson on Foreign Affairs, Brendan Smith, the Minister of State at the Department of Foreign Affairs and Trade, Joe Costello, said that government had continued to provide “significant financial allocations to Ireland’s development aid programme”, despite “unprecedented economic difficulties”.

As the chart below shows, the amount spent has decreased year-on-year since 2009, and is down over €93 million over the four-year period.


(Graph from Oireacthtas.ie)

Making reference to the recently launched government policy on international development, called “One World, One Future”, Costello said that government remained committed to meeting the UN target.

“However this can only be achieved when economic circumstances permit and in the meantime we will endeavour to maintain aid expenditure at current levels,” he said.

Read: Ireland to give extra €1m in aid for Syrian refugees in Turkey >

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
50 Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.
    JournalTv
    News in 60 seconds