On 11 April 2024, the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD DAC) released initial Official Development Assistance (ODA) statistics for 2023.
Latvia’s official development assistance has reached USD 142.31 mln (EUR 131.61 mln) in 2023. Thereby, for the first time, Latvia has delivered on its international commitment to devote 0.33% of its Gross National Income (GNI) towards promotion of global development and support for the growth of developing countries.
In 2024 we mark 25 years since Latvia turned from an aid recipient into a donor country; therefore, the achievement of that goal is a milestone occasion.
Latvia channelled USD 78.33 mln (EUR 72.44 mln) into bilateral cooperation in 2023, while USD 63.98 mln (EUR 59.17 mln) went to multilateral cooperation, for the most part as contributions to international organisations. An increase in development cooperation funding is mainly due to a steady flow of Latvia’s assistance to Ukraine at USD 22.03 mln (EUR 20.37 mln), and to Ukrainian refugees – USD 43.25 mln (EUR 40 mln).
Latvia’s Development Co-operation Policy currently in force is set out in the Development Co-operation Policy Guidelines for 2021–2027. In the guidelines, Latvia reaffirms its commitment to devoting 0.33% of its GNI to official development assistance by 2030, including 0.15–0.20% of GNI to least developed countries.