Friday, February 19, 2010

Foreign aid: Broken promises


Several countries will fail to make good on promises of aid this year

IN 2005, amid big anti-globalisation protests, leaders of the world's main donor countries pledged to give more in foreign aid in 2010. Of the 21 members of the OECD “Development Assistance Committee”, all 15 European Union countries agreed to increase their net aid to at least 0.51% of GDP this year, from 0.35% in 2004. Several of the most generous givers set much more ambitious targets.

See full Article.