Development aid hits record as spending on refugees doubles-OECD

By Magdalena Mis LONDON (Thomson Reuters Foundation) - Development aid given by rich countries rose to a new high in 2015, mainly because of an increase in funds spent on hosting and processing refugees, the Organisation for Economic Co-operation and Development (OECD) said on Wednesday. Official development assistance (ODA) reached a record $131.6 billion in 2015, an increase of 6.9 percent in real terms from 2014, the Paris-based international think-tank said. Funds spent on hosting and proces