Brussels European Council – Presidency Conclusions, June 2008

Sectors : Aid volume
Organisation : EU
Date made: 
Heads Of State
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Commitments in: Financing for Development - Aid volume

“59. The European Council fully endorses the Council conclusions of May 2008, which provide a strong collective EU response to the global development challenge. 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.”