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.
Appeared in print on 26.05.2005
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.