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Friday, October 21, 2016
UK 'makes steps in right direction on aid'
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¬†Catholic aid agency CAFOD said today the announcement made by the Chancellor of the Exchequer, Gordon Brown, that the UK's aid budget will be 0.4% of national income by 2006, is a big boost for development. The announcement means an increase of about £1.6 billion a year for the world's poor by 2006, and puts the UK above the EU target of 0.39%. It is especially significant as it comes at a time when other donors, like Denmark and Ireland, are cutting aid budgets. CAFOD's Head of Public Policy George Gelber said: "The increase in aid is two steps in the right direction. However, it is disappointing that Gordon Brown did not take the extra step of committing to hitting the 0.7% target, putting the UK at the forefront of the global effort to halve world poverty by 2015. "In fact, this pledge is the minimum needed from the UK to enable the poorest countries to make progress towards the Millennium Development Goal of halving extreme poverty by 2015. The shortfall in global aid is still a yawning chasm that developing countries cannot hope to bridge without greater debt relief and development assistance." "CAFOD wants to see the Chancellor maintain this forward momentum by announcing a second pledge - that the UK will achieve the United Nations target of allocating 0.7% of national income to development by the end of the next Parliament in 2012, a move supported by 241 MPs from all sides of the House of Commons." The World Bank estimates that Africa alone needs US$25-35 billion in additional aid in order to achieve the 7% growth levels necessary to reach the 2015 targets.
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