In 2022, Official Development Assistance loans rose by 11% to $61 billion, while grants fell by 8% to $109 billion – a shift that could increase developing country debt burdens.
Global Official Development Assistance (ODA) surged 22% to a record $287 billion in 2022. Despite this overall increase, aid specifically targeted at developing regions declined by 2%, or $4 billion.
The nature of aid also saw a significant shift, moving towards concessional loans instead of grants – a trend that could add additional fiscal strain on developing countries still grappling with the economic aftermath of the COVID-19 pandemic.
In 2022, ODA loans rose by 11% to $61 billion, while grants fell by 8% to $109…
