G8 Gleneagles Africa Statement

Sectors : Aid volume
Organisation : G8
Date made: 
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Commitments in: Financing for Development - Aid volume

“27. The commitments of the G8 and other donors will lead to an increase in official development assistance to Africa of $25 billion a year by 2010, more than doubling aid to Africa compared to 2004…

…30. … We will focus aid on low income countries, which are committed to growth and poverty reduction, to democratic, accountable and transparent government, and to sound public financial management, although aid is also important to respond to humanitarian crises and countries affected by or at risk of conflict…

… Financing commitments (as submitted by individual G8 members)

• The EU has pledged to reach 0.7 per cent ODA/GNI by 2015 with a new interim collective target of 0.56 per cent ODA/GNI by 2010. The EU will nearly double its ODA between 2004 and 2010 from € 34.5 billion to € 67 billion. At least 50% of this increase should go to sub-Saharan Africa.”