The targets and commitments set out by the G8, as well as a collective approach, have allowed great successes, notably an increase of $48.9 billion of ODA from all OECD-DAC Donors since 2004 in current dollars, and more particularly an increase of $31 billion provided by the G8. This trend represents a 61% increase in OECD-DAC Donors’ ODA, and a 54% increase in G8 countries’ ODA. This increase in the ODA volume was also followed by an increase measured in percentage of the gross national income which went up from 0.25 to 0.32 for the DAC donors. For the G8, this ratio increased by 27% between 2004 and 2010 from 0.22 to 0.28.
Despite these substantial increases, there remains a $1.27 billion shortfall (in current dollars) with the commitments made in Gleneagles (2005) to increase the global ODA towards developing countries, based on the OECD projection of a $50 billion increase.
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