MFA: In 2020, Finland’s ODA to GNI ratio rose to 0.47 per cent
The Organisation for Economic Co-operation and Development (OECD) released its preliminary data on development cooperation in 2020 today, on 13 April 2021.
In relation to 2019, Finland’s development cooperation expenditure rose in real terms by 8.1 per cent. With the GNI ratio at 0.42 per cent in 2019, Finland’s development cooperation expenditure was EUR 1 010 million. In 2019, the ODA administered by the Foreign Ministry was EUR 568.5 million.
One of the reasons for the rise in the ODA to GNI ratio was that, based on the latest data, Finland’s GNI fell by approximately half a per cent in 2020.
The actual amount of ODA expenditure in 2020 grew by EUR 109 million compared to 2019. The biggest increases were seen in multilateral development cooperation and humanitarian assistance. Multilateral development cooperation grew by EUR 62 million compared to the previous year. Humanitarian assistance grew by EUR 35 million.
A major downward trend was visible in other than Finnfund’s development policy investments (EUR 20 million, which is EUR 76 million less than in 2019) and in expenditure on refugee-related expenditure (EUR 52 million, which is EUR 28 million less than in the year before).
A significant proportion of Finland’s development cooperation funding was provided through the EU (EUR 246 million) and other multilateral organisations, such as the UN (EUR 281 million) and the World Bank Group (EUR 96 million). In 2020, EUR 113 million was allocated for humanitarian assistance. In 2020, the main recipients of Finland’s bilateral development cooperation funding were Afghanistan (EUR 24 million), Somalia (EUR 23 million), Myanmar (EUR 22 million), Ethiopia (EUR 19 million) and Mozambique (EUR 16 million).
Globally, development cooperation flows in 2020 amounted to USD 161,2 billion (EUR 141,5 billion), which represented an increase by 3,5 per cent in real terms compared to the previous year. The largest donors were the United States, Germany, the United Kingdom, Japan and France. Of the OECD/DAC members, Denmark, Germany, Luxembourg, Norway, Sweden and the United Kingdom exceeded the 0.7 per cent target set by the UN. DAC members’ average ODA to GNI ratio was 0,32 per cent.
EU Member States’ ODA flows amounted to USD 72.7 billion (EUR 64 billion), which corresponds to 45 per cent of all documented ODA and 0.50 per cent of EU GNI. In real terms, the EU’s ODA expenditure rose by 7.8 per cent from 2019. Finland’s GNI ratio remained slightly below the average level of the DAC-EU countries.
In addition to Finland, development cooperation expenditure grew in 16 other OECD/DAC member countries. The most increases were seen in Canada, France, Germany, Iceland, Hungary, Norway, Slovakia, Sweden and Switzerland. Part of the increase in development cooperation expenditure was due to the response to the pandemic. At the same time, ODA expenditure fell in 13 DAC member countries. The biggest decreases of expenditure were seen in Australia, Greece, Portugal and the UK.
Preliminary data of the actual disbursements will be updated in the final statistics, for example concerning their allocation to different regions. The share of GNI may change when the revised data published by Statistics Finland are available.
Inquiries:
Jasper Hakala, Programme Officer, Unit for Administrative and Legal Development Cooperation Matters, tel. +358 295 350 796
Satu Santala, Director General, Department for Development Policy, tel. +358 295 351 815
The Foreign Ministry’s email addresses are in the format firstname.lastname@formin.fi.
Keywords
Images
Links
About Ulkoministeriö / Utrikesministeriet
Laivastokatu 22, PL 176
00023 Valtioneuvosto
0295 16001http://um.fi
Subscribe to releases from Ulkoministeriö / Utrikesministeriet
Subscribe to all the latest releases from Ulkoministeriö / Utrikesministeriet by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Ulkoministeriö / Utrikesministeriet
Ulkoministeriön tiedotteet ja uutiset tilattavissa valtioneuvoston verkkosivuilta20.10.2023 10:30:25 EEST | Tiedote
Ulkoministeriön tiedotteiden jakelu STT Infon kautta päättyy 20. lokakuuta. Ulkoministeriön tiedotteet julkaistaan jatkossa vain ulkoministeriön ja valtioneuvoston verkkosivuilla ja ne voi tilata sähköpostiin valtioneuvoston kautta. Mediakutsut lähetetään jatkossakin STT Infon kautta.
EU:s handelsministrar diskuterar den ekonomiska säkerheten och handelsrelationerna mellan EU och Indien19.10.2023 10:31:13 EEST | Tiedote
Utrikeshandels- och utvecklingsminister Ville Tavio deltar i handelsministrarnas informella möte i Valencia, Spanien den 19-20 oktober. Ministrarna ska diskutera den ekonomiska säkerheten och handelsrelationerna mellan EU och Indien. Deltagarna får också en översikt över EU:s pågående förhandlingar om handelsavtal.
EU:n kauppaministerit keskustelevat taloudellisesta turvallisuudesta ja EU–Intia-kauppasuhteista19.10.2023 10:31:13 EEST | Tiedote
Ulkomaankauppa- ja kehitysministeri Ville Tavio osallistuu EU:n kauppaministerien epäviralliseen kokoukseen Valenciassa, Espanjassa 19.–20. lokakuuta. Ministerit keskustelevat taloudellisesta turvallisuudesta sekä EU:n ja Intian välisistä kauppasuhteista. Lisäksi kokouksessa luodaan katsaus EU:n käynnissä oleviin kauppasopimusneuvotteluihin.
EU trade ministers to discuss economic security and EU–India trade relations19.10.2023 10:31:13 EEST | Press release
Minister for Foreign Trade and Development Ville Tavio will attend an informal meeting of EU trade ministers in Valencia, Spain, on 19–20 October. The ministers will discuss economic security and trade relations between the EU and India. The ministers will also discuss the EU’s ongoing bilateral trade negotiations.
Utrikesministeriets enkätundersökning: ryssarna förhåller sig negativare till Finland, ungdomarna har positivare inställningar13.10.2023 09:00:00 EEST | Tiedote
Enligt den av Finlands ambassad i Moskva beställda enkätundersökningen förhåller sig en dryg tredjedel av de ryssar som svarade på enkäten positivt till Finland. För ett år sedan uppgav ungefär hälften att de är positiva till Finland. Enligt enkätundersökningen har Finlands rykte försämrats främst av att ryska medier har gett en felaktig och negativ bild av Finlands Natomedlemskap. Ungdomarnas inställningar till Finland är positivare.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom