Who is the largest donor of financial aid,the U S of A or the E.U?

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I've lived over seas for a few years,last year that was all I heard from the expats "the E U has given more aid than the U S." I know that can't be true and read a few months ago,in the english newspaper,something from a E U commissioner that the E U was including loan forgiveness Any one know any thing about this?

Who is the largest donor of financial aid,the U S of A or the E.U?

Americans are regularly told by politicians and the media, that America is the world's most generous nation. This is one of the most conventional pieces of 'knowledgeable ignorance'. According to the OECD, the Organisation for Economic Cooperation and Development, the US gave between $6 and $15 billion in foreign aid in the period between 1995 and 1999. The absolute figures are less significant than the proportion of gross domestic product that a country devotes to foreign aid. On that league table, the US ranks twenty-second of the 22 most developed nations. As former President Jimmy Carter commented: 'We are the stingiest nation of all'.

Denmark is top of the table, giving 1.01% of GDP, while the US manages just 0.1%. The United Nations has long established the target of 0.7% GDP for development assistance, although only four countries actually achieve this: Denmark, 1.01%; Norway, 0.91%; the Netherlands, 0.79%; Sweden, 0.7%.

Apart from being the least generous nation, the US is highly selective in who receives its aid. Over 50% of its aid budget is spent on middle-income countries in the Middle East, with Israel being the recipient of the largest single share

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Who is the largest donor of financial aid,the U S of A or the E.U?

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