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Australia has entered recession for the first time in nearly 30 years. COVID-19 is not just hurting us, but developing countries and aid donors globally. In our neighbourhood, many Pacific economies are reeling from the drop in tourism and hit to jobs, while other countries are struggling to contain the pandemic itself. Some have faced a health and economic crisis on top of natural disasters and climate change impacts. Meanwhile, Australia’s aid budget has already sunk to historic lows as a percentage of Gross National Income after seven years of cuts.
The 2020 Aid Budget Breakfast was held on the morning of Wednesday 7 October where the Devpolicy team went through the numbers to find out what the future holds for Australia’s aid engagement.