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26 May 2024

UAE largest donor of development aid

By Wam

The Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) released its final report including official development assistance data previously announced in April 2015.

According to the data, the UAE ranked first globally as the largest international donor of official development assistance for second consecutive year, with a total of Dh18.36 billion of developmental aid in 2014, accounting for 1.26 per cent of gross national income.

Commenting on this achievement, Sheikha Lubna bint Khalid Al Qasimi, Minister of International Cooperation and Development (MICAD) and Head of the UAE Committee for Coordination of Humanitarian Foreign Aid, said occupying this position for the second year in a row reaffirms UAE's commitment to its humanitarian mission, and the principles on which it was established. It also enhances its position as a humanitarian hub and a source of relief and aid to all friendly nations in the world.

She also commented that this achievement is testament to the generous policies adopted by the UAE's wise leadership. These policies were established by the late Sheikh Zayed bin Sultan Al Nahyan and carried forward by the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces

According to the final results published by the Committee, Sweden came second with its development aid accounting for 1.09 per cent of its national income, followed by the Luxembourg with 1.06 per cent, then Norway fourth with 1 per cent.