An OECD sustainable development financing conference earlier this month in Paris
Photo: OECD Development Centre/Andrew Wheeler
International aid: Luxembourg followed only Sweden in relative levels of economic development assistance last year.
The Grand Duchy had the second highest proportion of international development aid among wealthier countries last year, an intergovernmental think tank has found.
Luxembourg contributed 1.07% of its gross national income to official development assistance programmes, according to the OECD’s “2014 ODA” report, issued on Wednesday.
The Grand Duchy only trailed Sweden (1.1%) among the 28 nations who are members of the OECD Development Assistance Committee. The top five was rounded out by Norway (0.99%), Denmark (0.85%) and the UK (0.71%).
The 23 other countries fell below the UN target of 0.7% of GNI. The average ratio of the OECD group was 0.39%. The lowest rates were recorded in Greece (0.11%) and the Slovak Republic and Poland (both 0.08%).
The study also covered some non-OECD member states. “The United Arab Emirates posted the highest ODA/GNI ratio in 2014 at 1.17%,” the OECD reported.
Collectively the 28 DAC countries were slightly less generous than last year: the total percentage was 0.29% in 2014 compared to 0.3% in 2013. However Luxembourg’s national figure rose by 0.07%.
The 28 nations’ combined total contributions fell from $152bn in 2013 to $149bn last year.
The Grand Duchy fell down in the tables of gross support to 6th lowest place ($432m), between Poland ($458m) and Greece ($238m). Iceland ($35m) brought up the bottom of the list. At the top were France ($12.3bn), Japan ($15.6bn), Germany ($18.9bn), the UK ($20.1bn) and the US ($33.6bn).
The OECD also published an interactive “Compare your country” tool, based on ODA figures since 1960.