FIGURE 1 ODA grants disbursements to LMICs except China, as current USD and as percentage of recipients’ GDP, 1990–2023
1. The state and trend of global development finance to the Global South In 2023, grants (including bilateral, multilateral countries (LMICs) reached $123 billion, which is equivalent to 0.6 percent of recipients’ GDP. reached 1.5 percent in 2006 but were reduced The scale of debt financing has increased, but its countries announced cuts to ODA, which will hitternal Public and Publicly Guaranteed (PPG) debt countries the hardest. Bilateral ODA to least PPG debt disbursement to these countries has al- ODA grants disbursements to LMICs except China, as current USD and as percentage of recipients' GDP, 1990- Source: 0ECD-DAC database (2025], World Development Indicators (2025) 1 Grants are non-repayable funds provided to support development projects and programs. Grants from the developed countries are often labeled under the official development assistance (ODA).