In 2003, real aid was only $27bn, or
just 0.1% of the donor countries’
combined national income. Aid donors fall far short of meeting the official international aid target of 0.7% of national income. ActionAid’s new ‘real 0.7% rankings’, presented in this report, show that when it comes to
‘real’ aid they are falling even further behind....more than 60% of aid flows are ‘phantom’; that is they do not represent a real resource transfer to the recipient.....For the United States and France, two of the world’s largest aid donors, almost 90% of their contributions are phantom aid