Flows of ODA to many Caribbean countries began falling in the 1990s, as donors redirected their aid priorities to the newly emerging Commonwealth of Independent States and the Least Developed Countries.
This is certainly ironic because the eighth MDG recognizes that developing countries require more generous development aid to have the best chances of reducing poverty and accelerating development within the stipulated 15 year timeframe. Faced with declining aid resources, many Caribbean governments resorted to more expensive commercial borrowing to bridge their funding gaps.