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Germany meets UN requirements for development cooperation

by vergexpress

Berlin (d.de) – In line with preliminary calculations by the OECD (Organisation for Financial Co-operation and Growth), Germany allotted a complete of 0.79 % of its financial output to supporting poorer international locations in 2023. In absolute figures the whole was 33.9 billion euros. After 2016, 2020, 2021 and 2022, Germany due to this fact as soon as once more met the agreed United Nations goal of offering not less than 0.7 % of gross nationwide revenue for improvement cooperation. German Growth Minister Svenja Schulze stated: “The tough international scenario at present requires extra worldwide cooperation, not much less. Taking decisive motion now will repay later.” When it comes to its improvement investments, Germany ranks fourth worldwide relative to the dimensions of its financial system behind Norway (1.09 %), Luxembourg (0.99) and Sweden (0.91). The biggest donor in absolute figures is the USA.  

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