Global aid under strain from multiple corona appeals and shrinking aid budgets
NewsMay 22, 2020
/ By: Ann Danaiya Usher
While donors reach into their aid budgets to finance the coronavirus response, overall ODA is shrinking due to the economic downturn. Aid resources available for long-term development and crises other than COVID19 could drop by some 20 per cent in 2020, Development Today estimates. Experts say the situation is unprecedented and there are no comparators.
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