Joerg on "G8 aid: beyond the target trap"

Joerg — Mon, 11 Jun 2007 23:07:43 +0100

Thank you for this interesting and constructive post. I have included it in a Best of Blogs round-up about the G8-Summit. Check it out the Atlantic Community: The Open Think on Global Issues.

G8 aid: beyond the target trap, Stephen Browne

admin — Wed, 06 Jun 2007 17:58:59 +0100

Another summer, another Group of Eight (G8) summit, and another opportunity for the world's richest countries to wring their hands over the plight of the poorest - it is no wonder that the gathering of world leaders and international organisations at Heiligendamm, Germany on 6-8 June 2007 can appear like the latest act in a perpetual cycle where public declarations matter more than results.

In July 2005 at Gleneagles, Scotland - a summit into which the London bombings irrupted - the G8 countries promised to double their aid to Africa. Since then, they have written off a substantial part of the external debt to the largest and oil-richest country, Nigeria. But new aid to the continent has stayed flat. In 2006, while Europe increased its aid, the two largest G8 economies, the United States and Japan, reduced theirs.

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Joerg on "G8 aid: beyond the target trap"

G8 aid: beyond the target trap, Stephen Browne