Brussels European Council - Presidency Conclusions, June 2008

Sectors : Aid volume, Quality of aid
Organisation : EU
Date made: 
Heads of State
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Commitments in: Financing for Development - Quality of aid

“In particular, with a view to attaining all MDGs, the EU strongly reaffirms its commitment to achieve a collective ODA target of 0,56% GNI by 2010 and 0,7% GNI by 2015, as set out in the May 2005 Council conclusions, the June 2005 European Council conclusions and the European Consensus on Development. These commitments should see annual EU ODA double to over EUR 66 billion in 2010. At least half of this collective increase will be allocated to Africa. Member States are encouraged to establish their indicative timetables illustrating how they aim to achieve their agreed ODA targets.
60. The EU will undertake radical reforms to improve aid effectiveness, building on the full implementation of the 2005 Paris Declaration on Aid Effectiveness, the 2005 European Consensus on Development and the 2007 EU Code of Conduct on complementarity and division of labour.
61. The EU will continue to improve policy coherence for development (PCD) in the twelve areas identified in 2005, ensuring furthermore that the PCD principles are part of the international agenda for the MDGs and aid effectiveness.”