Developing Countries Feel Squeeze from Lower Natural Resource Revenue & Falling Foreign Aid By Mario Mansour and Fayçal Sawadogo Copyright © 2026 IPS-Inter Press Service.

Developing Countries Feel Squeeze from Lower Natural Resource Revenue & Falling Foreign Aid By Mario Mansour and Fayçal Sawadogo https://www.ipsnews.net/2026/05/developing-countries-feel-squeeze-from-lower-natural-resource-revenue-falling-foreign-aid/ WASHINGTON DC, May 26 2026 (IPS) - Developing countries face major difficulties as income from natural resource extraction industries decreases and wealthier nations reduce their aid. Nontax revenue from natural resources extraction and foreign aid grants for general spending have fallen by a combined 3.8 percent of gross domestic product since 2000, according to the latest annual update of the IMF’s World Revenue Longitudinal Database. Copyright © 2026 IPS-Inter Press Service.