INFOGRAPHIC: EU states increase lifeline to developing world

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The aid index released annually by the OECD Development Assistance Committee (DAC) has become a reference for trends of official development finance, and ways to make it work to its fullest.

Europe’s aid to the developing world rebounded in 2013 after years of stagnation and decline, according to the OECD’s new DAC aid index, released in April. This year, a 5.2% rise in overseas assistance by the 19 EU countries members of this organisation saw the bloc’s increase to an average 0.42% of GNI. But experts believe the growth spurt has arrived too late for the bloc to meet its pledge to earmark 0.7% of GNI for aid by 2015.

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