The United Arab Emirates topped the ranking of OECD donor countries.
According to a report by the Organization for Economic Co-operation and Development (OECD), last year, the UAE became the largest donor country in the world, providing official assistance to other countries.
In total, the UAE's contribution to the development of other countries in 2017 amounted to 19.32 billion US dollars - 1.31% of the country's gross national income. It is worth noting that this figure is two times higher than international standards in the amount of 0.7%, which were established by the United Nations.
The amount of funds transferred in 2017 increased by 23.72% compared to 2016, when the Emirates allocated 15.57 billion.
Almost 43% (8.28 billion dirhams) of the funds allocated by the UAE were directed to Asian countries, about 28% (5.4 billion dirhams) were transferred to African countries, 23% (4.44 billion dirhams) were allocated to European countries.
Also, 2.97 billion dirhams was allocated to Yemen.
On Monday, Sheikh Mohammed Ibn Rashid announced that the UAE has maintained its leading position for the fifth year in a row.
“In total, we have transferred 19.3 billion US dollars to more than 147 countries of the world,” the Vice President and Ruler of Dubai tweeted.
"Thus, the UAE gives good to all of humanity - these are the principles that were laid down by the founding father of our state."
For the fifth year in a row, the OECD has called the UAE the largest official donor in the world, allocating funds for the development of other countries based on national income. The state is actively sharing its benefits with all of humanity.
The total global volume of official financial assistance amounted to 538.5 billion dirhams - this figure is 0.6% lower than in 2016.
According to preliminary OECD data, in 2017 less money was spent on refugees within donor countries, but more money was directed to countries in need.
Sweden took the second place in the ranking with 1.01% of gross national income - the Scandinavian state rose in the list from fourth place in 2016.
Luxembourg took third place, spending 1% of its GNI on international assistance. Among other countries that have achieved UN performance in relation to GNI are Norway, Denmark and the United Kingdom.
