Complete British News World

Finland's public development cooperation rose to 0.47 percent of GDP in 2020

Finland’s public development cooperation rose to 0.47 percent of GDP in 2020

Finland has projected growth cooperation costs of 11 1,119 million by 2020. This is 0.47% of the gross national income. In total, 70 708.4 million was earmarked for actual development cooperation, managed by the Ministry of Foreign Affairs.

On April 13, the Organization for Economic Co-operation and Development (OECD) released preliminary data on 2020 development cooperation.

Finland’s spending on development cooperation has actually increased by 8.1 percent compared to the previous year. In 2019, the cost of development cooperation was 1, 1,010 million and the share of gross national income was 0.42 percent. The share of real growth cooperation in 2019 is 56 568.5 million.

The increase in GNI share is due to the fact that by 2020 Finland’s gross national income will fall by about half a percent.

In 2020, the cost of development cooperation will be 109 million more than in 2019. Multidisciplinary development cooperation and humanitarian assistance increased exponentially. Compared to the previous year, the cost of multilateral development cooperation increased by 62 62 million. Humanitarian aid increased by 35 million.

On the other hand, the financial investments of parties other than FinFand fell significantly, from ரோ 76 million to 20 20 million. The cost of obtaining refugees also fell from 28 28 million to 52 52 million.

Finland’s funding for development cooperation is mainly from the European Union (யூ 246 million) and the United Nations. (Euro 281 million) and shipped through other multilateral organizations including the World Bank Group (Euro 96 million). A total of $ 113 million in humanitarian aid is targeted for 2020. Of the bilateral development cooperation, the largest were in Afghanistan ($ 24 million), Somalia ($ 23 million), Myanmar ($ 22 million), Ethiopia ($ 19 million) and Mozambique (15 15 million).

Worldwide, a total of US $ 161.2 billion (14 141.5 billion) was sent to development cooperation by 2020, which is actually 3.5 percent higher than the previous year. The largest financial providers of development cooperation are the United States, Germany, the United Kingdom, Japan and France. Among the member states of the OECD Auxiliary Group DAC, the UN GNI target of 0.7 percent was higher than the following: Denmark, Germany, Luxembourg, Norway, Sweden and United Kingdom. On average, the GNI share of DAC countries is 0.32 percent.

EU development cooperation expenditure totaled $ 72.7 billion (64 64 billion), representing 45% of all statistical development cooperation and 0.50% of EU gross national income. The real value of expenditure has increased by 7.8 percent compared to 2019. Finland’s GNI share was slightly lower than the average for OECD / DAC members.

Among the members of the OECD Development Assistance Group, the focus is on development cooperation in 16 countries, most notably Canada, France, Germany, Iceland, Hungary, Norway, Slovakia, Sweden and Switzerland. Funding for development cooperation was increased in response to the corona epidemic. Funding has declined in 13 countries. Development cooperation is very low in Australia, Greece, Portugal and the United Kingdom.

Preliminary information on how the payments were received will be mentioned, among others, in relation to regional distribution. Statistics for 2020 The share of Finland’s gross national income may change when Finland’s figures are mentioned.

More info:

Jasper Haqqala, Inspector, Administrative and Legal Division for Administrative Cooperation, Tel. +358 295 350 796
Sadhu Chandala, Head of Department, Department of Development Policy, Tel. +358 295 351 815

The email addresses of the Ministry of Foreign Affairs are on the form [email protected]

See also  The dominance of English in independent schools threatens the Swedish language