Develop Global Partnerships for Development

Honouring commitments to increase aid is crucial during this time of economic crisis.

  • Total aid still short of UN target of 0.7 percent of GNI; only five countries reached goal in 2008.
  • Significant improvement in proportion of imports from developing countries admitted duty free by developed countries in 2007.
  • As of March 2009, 24 of 35 Heavily Indebted Poor Countries received $54.3 billion in committed debt relief in exchange for certain conditions; Multilateral Debt Relief Initiative also provided $22.8 billion in additional assistance to some of these countries.