Third World Development
The Netherlands is among the world's leading aid donors, giving almost $8 billion, about 0.8% of its gross national income (GNI) in official development assistance (ODA). It is one of five countries worldwide that meets the longstanding UN ODA target of 0.7% ODA/GNI. The country consistently contributes large amounts of aid through multilateral channels, especially the UN Development Programme, the international financial institutions, and EU programs. A large portion of Dutch aid funds also are channeled through private ("co-financing") organizations that have almost total autonomy in choice of projects.
The Netherlands is a member of the European Bank for Reconstruction and Development, which recently initiated economic reforms in central Europe. The Dutch strongly support the Middle East peace process and in 1998 earmarked $29 million in contributions to international donor-coordinated activities for the occupied territories and also for projects in which they worked directly with Palestinian authorities. These projects included improving environmental conditions and support for multilateral programs in cooperation with local non-governmental organizations. In 1998, the Dutch provided significant amounts of aid to the former Yugoslavia and Africa. The Dutch consistently provide significant amounts of relief aid to victims of natural disasters, such as Hurricane Mitch in Central America, the 2004 tsunami in Southeast Asia, and more recent catastrophes in Pakistan and Burma.
Read more about this topic: Foreign Relations Of The Netherlands
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