G8 Genoa Communique

Sectors : Quality of aid, Debt relief
Organisation : G8
Date made: 
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Commitments in: Financing for Development - Quality of aid

“14. Official development assistance (ODA) is essential. We will work with developing countries to meet the International Development Goals, by strengthening and enhancing the effectiveness of our development assistance. We commit ourselves to implement the landmark OECD-DAC Recommendation on Untying Aid to LDCs which should increase aid effectiveness and achieve more balanced effort-sharing among donors.”


Commitments in: Financing for Development - Debt relief

"...we look to countries affected by conflict to turn away from violence. When they do, we confirm that we will strengthen our efforts to help them take the measures needed to receive debt relief.
9. Beyond debt relief, we focussed our discussion on three mutually reinforcing elements:
•greater participation by developing countries in the global trading system
•increased private investment
•initiatives to promote health, education and food security.”