Breaking News, World News and Taiwan News.

Updated Friday, November 11, 2011 0:45 am TWN, CNA

Sponsors
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.

Gov't donates US$380 mil. in int'l development aid

TAIPEI--Taiwan contributed US$380 million in official development assistance (ODA) in 2010, accounting for 0.1 percent of the country's gross national income (GNI) for the year, a Ministry of Foreign Affairs (MOFA) official said yesterday.

“The figure means that US$0.1 out of every US$100 earned by our people during the year was donated toward international aid,” said Stanley Kao, director-general of the MOFA's Department of Economic and Trade Affairs.

Kao said the ministry recently completed a 2010 ODA statistical report and delivered it to the Organization for Economic Cooperation and Development (OECD) in line with general international practice.

“It marks the first time we have reported our annual foreign aid data to the OECD,” Kao said, adding that the move highlights the professionalism and transparency of Taiwan's ODA operations.

ODA is a term coined by the Paris-based OECD to measure aid to developing countries and territories. The ODA report comprises two major collections of data on the volume, origin and types of aid and the flow of resources to over 150 developing countries and territories.

Subscribe to The China Post and save 25%. Click here