Wealthy nations slashed development aid in 2025 for second year in row, debt group says

JOHANNESBURG (Retuers) -- Wealthy ‌nations slashed their development aid in 2025, probably by record-breaking amounts, a debt group said, ahead of data set to be released on Thursday by the Paris-based Organization for Economic ‌Cooperation and Development. The deep cuts, for a second consecutive year, are expected to reduce the total amount of official development aid globally to around $170-$190 billion -- levels last seen during the COVID pandemic in ⁠2020-21, the European Network on Debt and

By The Korea Herald