States renew broken aid vows after three decades

EU governments this week promised an extra €20 billion per year in aid to poor countries by 2010 as a contribution towards the UN’s Millennium Development Goals.

Under an agreement reached by the Union’s development ministers, the average amount of aid given by the EU would reach 0.56% of its member states’ combined national incomes in the next five years. By 2015, it would reach the target of 0.7% of national incomes first set by the United Nations in 1970.

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