Anti-poverty group One, set up by rock star Bono, said Italy had actually cut aid to Africa despite making ambitious pledges at a 2005 economic summit.
And it accused France of reducing its aid targets and cutting its aid budget.
The report, backed by figures like Bill Gates and Desmond Tutu, said Italy and France were holding back other members of the G8 group of rich nations.
In 2005, the G8 pledged to increase aid to Africa by $25bn (£15bn) by 2010 - more than doubling the 2004 level of aid to the continent.
The BBC's international development correspondent David Loyn says the research is underpinned by a fear that the global economic downturn could undo what modest progress has already been made.
Sir Bob Geldof and former UN Secretary General Kofi Annan have written a joint introduction to the report in which they talk about the global financial crisis.
They say the world's poorest people have benefited least from globalisation, but they are now suffering the most from a crisis they did not cause.
And it accused France of reducing its aid targets and cutting its aid budget.
The report, backed by figures like Bill Gates and Desmond Tutu, said Italy and France were holding back other members of the G8 group of rich nations.
In 2005, the G8 pledged to increase aid to Africa by $25bn (£15bn) by 2010 - more than doubling the 2004 level of aid to the continent.
The BBC's international development correspondent David Loyn says the research is underpinned by a fear that the global economic downturn could undo what modest progress has already been made.
Sir Bob Geldof and former UN Secretary General Kofi Annan have written a joint introduction to the report in which they talk about the global financial crisis.
They say the world's poorest people have benefited least from globalisation, but they are now suffering the most from a crisis they did not cause.
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