MONROVIA, LIBERIA-The Minister of Finance and Development Planning, Samuel Tweah, has stressed the need to increase the share of Official Development Assistance (ODA) to Africa.
Minister Tweah observed that the Continent received just three-point-nine-percent of the ODA package in the last six decades, despite being among the least developed regions of the world.
He said:” In the last sixty-years, more than thirty-three trillion United States Dollars in ODA has been spent, with Arica accounting for just one-point-three trillion USD.”
The Finance Minister recently addressed the just ended United Nations Economic and Social Council (ECOSOC) Forum on Financing for Development, via video link.
According to Minister Tweah, the needed increase in ODA to Africa should form a part of a global framework that anticipates crisis and makes allocations for them, even before they occur.