G8 Deauville, G8/Africa Joint Declaration Shared Values, Shared Responsibilities, 26-27 May 2011

Sectors : Aid volume, Domestic resource mobilisation, Remittances
Organisation : G8
Date made: 
Heads Of State
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Commitments in: Financing for Development - Aid volume

“28. Considering the remaining challenges, we stress the urgent need to mobilise a wide range of resources for development and global public goods. ODA is a key element for African developing countries, in particular least developed countries and fragile states. We reaffirm our commitments, including on ODA and enhancing aid effectiveness. In synergy with other sources of funding, ODA also serves as a catalyst for key development policies and to leverage for private investment for economic growth. We stress the need to go beyond aid and mobilize other resources as stated in the Monterrey consensus, including domestic resources, innovative financing, migrant remittances, market instruments used by development banks and private sector flows.”