G8 Koln Communiqué

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

“27. ...
- We will continue to provide substantial support and assistance to developing and transition economies in support of their own efforts to open and diversify their economies, to democratize and improve governance, and to protect human rights.

- We will strive gradually to increase the volume of official development assistance (ODA), and to put special emphasis on countries best positioned to use it effectively.

- To ease future debt burdens and facilitate sustainable development, we agree to increase the share of grant-based financing in the ODA we provide to the least developed countries...”