As EU pares budgets, Turkey and Korea step up aid spending

From Aid | The Guardian Thu Feb 7 2013, 07:09:01

Aid slips down priority list for cash-strapped traditional donor countries, but emerging powers say they can afford to help

Turkey and South Korea, nations that have watched their own fortunes surge in a generation, are ramping up aid programmes for poor nations at a time when such spending in Europe is under threat, a EurActiv analysis of aid statistics shows.

EU candidate Turkey and South Korea are among a handful of nations that are giving more to help poor countries at a time when the traditional heavy-hitters - the EU, Japan and the US - are struggling with domestic budgetary problems and are scaling back their overseas commitments.

EU leaders meeting in Brussels this week are to consider austerity measures that could reduce the EU's foreign aid spending by 11% in the 2014-2020 budget, while several EU nations are likely to miss their aid commitments to disadvantaged nations.

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