African countries are casting a worried eye as the West pumps aid into Ukraine, sensing a retreat in pledges to help their development and fight climate change.
According to the Paris-based Organisation for Economic Cooperation and Development , assistance for Ukraine in 2022 shot up to $16 billion, compared to less than a billion a year earlier, while that for Africa fell by eight percent to $29 billion.
On February 24, 2022, Ukraine's allies put together pledges totalling just over $150 billion, according to the German-based Kiel Institute for the World Economy . Many of the promises take the form of military aid, which is understandable at a time of war. But the colossal scale, unlike anything seen in Europe in decades, is raising eyebrows.
Rich countries are already under fire for failing to uphold a pledge dating back to the 2009 UN climate conference in Copenhagen to muster $100 billion a year for countries in the firing line of climate change.Also awaiting implementation is a 2021 pledge by the G20 to recycle $100 billion in IMF special drawing rights from rich countries to vulnerable economies.
"When you see the crisis in Ukraine or North American banks which go bankrupt, the response comes very quickly."
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