UAE ranks as the world’s largest donor of foreign aid in 2014

Posted on 01 May 2015. Tags: 2014, Donor, foreign, largest, ranks, world's

The UAE ranked as the world’s largest donor of foreign aid in 2014, proportionately to its national income according to the Organization for Economic Cooperation and Development (OECD).

The Gulf state donated more than $ 4.9 billion in development aid – accounting for 1.17 percent of its national income.

Sweden is in the second position, providing 1.10 percent of its national income, Luxembourg were third with 1.07 percent, and fourth were Norway providing 0.99 percent, Denmark came fifth with 0.85 percent, while the UK ranked sixth 0.71 percent.

Contributed By Sonia Narula

News of Delhi