Slovakia’s contribution to global development at its maximum in 2020

Slovak contribution to ODA reached a historic height in 2020, according to preliminary OECD stats.

According to preliminary statistical data published by the OECD, the Slovak Republic has spent the largest amount of public resources in the country’s history, USD 139.81 million, on official development assistance (ODA) in 2020.

According to preliminary values for 2020, ODA worldwide amounted to USD 161.2 billion, which is a rise by 3.5% in real terms compared to 2019. The increase can be attributed mainly to the mobilization of funds in support of developing countries struggling with the COVID-19 pandemic. In the case of Slovakia, ODA increased by 16.3%, mainly due to debt forgiveness to Serbia. The ODA to GNI ratio has also increased, from 0.11 to 0.14%. Although these are positive figures, in order for Slovakia to meet the 0.33% ODA/GNI commitment in 2030, a systematic increase of the ODA budget will be required in the medium term.

DAC membership

Slovakia has been a member of the Development Assistance Committee (DAC) of the Organization for Economic Co-operation and Development (OECD) since 2013. The DAC membership is associated with several obligations, one of them being the need to keep detailed records of public expenditures for the well-being of developing countries. Data collection in line with the OECD directives happens on a yearly basis, in two phases: preliminary aggregates are reported in spring and until summer deadline, detailed statistics at the level of individual projects and initiatives have to be provided.

Detailed note available here.

ODA increased in Slovakia