| Author (Corporate) | Organisation for Economic Co-operation and Development (OECD) |
|---|---|
| Publisher | OECD Publishing |
| Series Title | OECD Development Co-operation Peer Reviews |
| Publication Date | 2015 |
| Content Type | Report |
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Portugal has endeavoured to maintain its foreign aid programme since the economic crisis, but its aid budget has been hit hard and a plan is needed to avoid a further decline and get back on a path towards internationally agreed targets. The December 2015 DAC Peer Review of Portugal notes that Portugal’s official development assistance (ODA) has dropped for three consecutive years to stand at USD 419 million in 2014, according to preliminary data. That equates to 0.19% of its gross national income (GNI), below an average of 0.3% for OECD Development Assistance Committee members and far off a UN and EU donors’ target of 0.7%. Portugal brings many positive elements to international development. This includes a forward-looking vision, a tight geographic focus and a commitment to partner countries which have a strong voice in aid projects. These assets could be more effectively deployed if Portugal commits to increase its aid volume, untie its aid and improve the co-ordination and oversight of its aid programme |
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| Source Link | Link to Main Source http://dx.doi.org/10.1787/9789264248571-en |
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| Countries / Regions | Portugal |
