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The UAE has been named the world's largest donor of development assistance in proportion to its gross national income (GNI) for the fifth year running, according to the Development Assistance Committee of the Organisation of Economic Cooperation and Development (OECD).
The UAE exceeded the UN target of 0.7 per cent official development assistance in proportion to its GNI ratio by donating Dh19.32 billion, a growth of 18.1 per cent over 2016, representing 1.31 per cent of its GNI for official development assistance in 2017.
Up to 54 per cent of the value of the aid is non-repayable grants that are aimed at supporting the developmental plans of the beneficiaries, which totalled 147 countries, 40 of which are among the least developing in different world countries.
Asia got Dh8.28 billion, or 43 per cent of the development aid, followed by Africa which got Dh5.44 billion or 28 per cent of the support. Yemen got the lion's share of aid in Asia, receiving Dh2.97 billion, which accounts for around one third of the aid channelled to the Asian nations.
For the fifth year running, the (OECD) named the UAE as the world's largest Official Development Aid donor relative to national income - giving Dhs19.3 billion to 147 countries in 2017. We share our good fortune with all humanity.More than 94 per cent of the support is development aid worth Dh18.3 billion, 68 per cent of which has been channelled to public aid programmes to help the beneficiaries maintain their balances of payments, ensure financial stability and strengthen infrastructure enterprises, in areas of transportation, health, education and renewable energy.
- HH Sheikh Mohammed (@HHShkMohd) April 9, 2018
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