Japan Ranks Third in OECD for 2021 Development Aid Amid COVID-19: Kyodo News Plus

Japan has been ranked third in the Organization for Economic Cooperation and Development (OECD) for its development aid spending in 2021, according to Kyodo News Plus. This is despite the economic impact of the COVID-19 pandemic, which has caused a significant drop in global aid spending.

The OECD’s Development Assistance Committee (DAC) released its annual report on development aid spending in 2021, which showed that Japan had increased its aid spending by 3.2 percent compared to 2020. This puts Japan in third place behind the United States and Germany, who are the top two donors in terms of development aid spending.

The report also showed that the total amount of development aid spending by DAC members had decreased by 4.2 percent in 2021 compared to 2020. This was mainly due to the economic impact of the COVID-19 pandemic, which has caused a significant drop in global aid spending.

Japan’s development aid spending is focused on providing assistance to developing countries in areas such as health, education, and infrastructure. The Japanese government has also been providing assistance to countries affected by natural disasters, such as the 2020 typhoon season in Japan.

The OECD report also highlighted the importance of international cooperation in order to ensure that development aid is used effectively and efficiently. The report noted that DAC members should continue to work together to ensure that development aid is used to promote sustainable development and reduce poverty.

Overall, Japan’s ranking as the third-largest donor of development aid in 2021 is a testament to its commitment to helping developing countries. Despite the economic impact of the COVID-19 pandemic, Japan has continued to provide assistance to those in need. This is an important step towards achieving sustainable development and reducing poverty around the world.

Source: news.google.com

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