Development experts mull cash transfers amid shrinking aid budgets

Development experts mull cash transfers amid shrinking aid budgets

Direct transfers of money have long been experimented with by the aid sector – with varying results

Philanthropy in an Era of Declining Development Aid – Businessamlive

William Moore WASHINGTON, DC – Philanthropy will never replace public aid, but it can be a powerhouse if we use it right. With global development funding under strain, European aid budgets being redirected toward defense and rearmament, and the United States rethinking foreign assistance altogether, the aid community has been left scrambling. The reactions so far have been of two kinds: calls for philanthropy to fill the gap, and moralizing stat…

The Norwegian Agency for Development Cooperation, Norad, today presented fresh aid statistics for 2024, which show that global aid decreased from the record year of 2023. The fall for 2025 will be dramatically greater. -Globally, little will be the same as before, says Minister for Development Cooperation Aukrust.