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Quick Facts
- Official development assistance continued to drop from an all-time high of $107.1 billion in 2005, to $103.7 billion in 2007. Aid flows need to increase by $18 billion per year to meet the promise made by the G8 in 2005 of doubling aid by 2010 - an additional $50 billion annually in global aid, of which $25 billion would be for Africa.
- For the average developing country, the burden of servicing external debt fell from almost 13% of export earnings in 2000 to 7% in 2006, creating a more favorable environment for investment and allowing them to allocate more resources to reduce poverty.
- In developed countries, 58% of people used the internet in 2006, compared to 11% in developing countries and 1% in the least developed countries.
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| Images (C) MDG Monitor |
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Where do we Stand
- There is a large gap in meeting commitments towards the MDG target of addressing the special needs of least developed countries, and to provide more generous official development assistance for countries committed to poverty reduction.
- At various world summit meetings, donor countries have pledged to increase aid from $80 billion in 2004, to $130 billion in 2010. The present rate of increase of aid fro core development programs will have to more then double over the next three years (as of 2008) if the level of aid committed for 2010 is to be met.
- Only slow progress has been made in meeting the MDG target of developing further an open, rule-based, predictable, non-discriminatory trading and financial system and providing tariff- and quota- free access for Lower Developing Countries exports.
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