Foreign Aid Hit Hard By Economy
February 27, 2009 | Read Time: 1 minute
While the United States may be increasing its spending on foreign aid, many other countries are not.
Michael Kleinman, at Change.org, draws attention to a Reuters article summarizing some grim news for international organizations.
— Italy has cut in half its foreign-assistance budget, while Ireland reduced its budget by 17 percent.
-European Union nations expect that by 2010, aid contributions could be as between $15-billion and $25-billion less than previously estimated.
Samuel A. Worthington, InterAction’s president, says in the Reuters article: “If this recession goes into 2010, we will be seeing a significant reduction in delivery of programs in the world’s poorest areas.”
(For more on how the economy could affect international groups, see this Chronicle article).
How badly do you think international organizations will be affected by the economic mess?