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International News G8 Nations Should Increase Aid to Africa to Meet 2010 Targets, Report SaysJune 16, 2008 The Group of Eight industrialized nations should increase assistance to Africa in order to meet pledges to double aid to the continent by 2010, according to a report released on Monday in London by the Africa Progress Panel, the Washington Post reports. The report says that G8 progress toward meeting aid targets, which were set at annual summits in recent years, is a "mixed picture." Although wealthy nations have eliminated many debts owed by African countries, they have not done well on direct aid to the continent, according to the report. Unless major aid increases are made, most wealthy nations will be "well below" the collective target of $130 billion in aid by 2010, the report says. It adds, "We are in a situation where it is increasingly clear that traditional budgetary resources are too overstretched to meet aid pledges, unless innovative financing mechanisms are promptly put in place." The report makes a variety of recommendations, including increasing emergency assistance to the U.N. World Food Programme, eliminating food tariffs and pledging new investments to bolster agricultural productivity. According to Annan, the focus of the July G8 summit should be to fulfill commitments already made to Africa. Speaking about recent economic gains, Annan said, "All this could be rolled back by the food crisis, a lack of follow-through of promises made. ... What we really ask of the G8 is not to make new promises but to meet the promises that have already been made" (Abramowitz, Washington Post, 6/16). Back to other news for June 2008
This article was provided by Henry J. Kaiser Family Foundation. It is a part of the publication Kaiser Daily HIV/AIDS Report.
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