World Vision New Zealand is disappointed Budget ’24 does not include an increase in New Zealand’s investment in Overseas
Development Assistance for the next four years.
Today’s Budget, released by the Finance Minister Hon. Nicola Willis today, reveals that investment in Overseas
Development Assistance will remain largely static.
The country currently invests around 0.23% of its GNI in Overseas Development Aid and languishes fifth from bottom out
of 30 OECD countries in terms of generosity.
World Vision New Zealand says today’s budget allocation falls well short of New Zealand’s long-term commitment to
provide 0.7% of Gross National Income (GNI) in foreign aid.
The organisation’s National Director, Grant Bayldon, says the uncertain state of the world today makes Overseas
Development Assistance more essential than ever before.
“The humanitarian crises that beset the world today are many and varied. There is conflict, climate change, extreme
poverty, a global hunger crisis and millions of displaced people. Our contribution to Overseas Development Aid is an
investment into the world we all want to live in. It helps children and families to survive and thrive, and ultimately
ensures we all live in a more stable and secure world.
“Increasing foreign aid is a responsibility we must take seriously as a global citizen and good neighbour,” Bayldon
says.
He says a recent OECD report recommends New Zealand increase its Overseas Development Assistance to 0.7% of GNI, as the
country agreed to do in the 1970s. [i]
“New Zealand’s foreign aid has remained stagnant at around 0.23% for half a century. When other countries are meeting or
exceeding their international obligations, it’s not right for New Zealand to not be doing our bit.
“It's time for New Zealand to match the 0.7% benchmark, starting with a 10% increase in child-related investment,”
Bayldon says.
World Vision hoped to see a greater focus on funding development work that targets children because the impact of aid
investment in children is 10 times what is put in.[ii]
Despite this, a recent report from World Vision and EY found that in 2021, only 7% of New Zealand’s ODA directly
targeted children .[iii]
“Investing in children is more important than ever before and is particularly relevant for New Zealand’s aid
contributions in the Pacific where half the population is under 23. A significant proportion of our aid budget goes to
the Pacific and we need to ensure this funding is targeting children and young people to help support them to have the
best possible start in life,” Bayldon says.