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Financial crisis could cut official aid by 30%
The financial crisis is expected to have a severe impact on humanitarian funding, with some analysts projecting cuts in official development assistance (ODA) of up to a third or more.
Displaced people wait to be given food during a distribution organised by the UN World Food Programme, USAID and other local and international NGOs, in Mogadishu Somalia on September 2008. (Image: Jamal Osman/IRIN)
"We are deeply concerned about the prospects for ODA," Brett House, UN Development Programme (UNDP) senior economist, told IRIN. "In past periods of market turmoil and recession, global ODA has on some occasions fallen up to 40 percent from established trends."
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