Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-06-Speech-3-051"
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"en.20050706.3.3-051"2
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"Mr President, ladies and gentlemen, I am speaking on behalf of the socialists of the new Italian Socialist Party and as a member of the Committee on Development.
According to the classification lists and assessment criteria of organisations such as the World Bank
Freedom House and Transparency International
a growing number of African countries now have the leadership and quality of governance to be able to obtain economic results, but they do not have the requisite resources.
Even countries governed relatively well remain, in reality, prisoners of the poverty trap. They are too poor to manage to trigger economic development processes or even merely to achieve basic growth. With extremely low levels of internal savings, and external investment flows that are equally low, the current economic conditions in Africa do not offer any hope for escape from poverty.
The rich countries ought to commit themselves to doubling aid in the 2005-2015 period, achieving at least 0.5% of GDP by 2010 and 0.7% by 2015. This increase seems a very small thing when compared with the wealth of countries with a high income or with military spending worldwide, which amounts to USD 900 billion a year.
The credibility and workability of the international system are at stake. If decisive steps are not taken in 2005, the poor countries, however well governed they are, will not manage to implement a strategy aimed at achieving the Millennium Goals and faith in the promises of the international community with regard to the fight against poverty – already weak – will vanish forever."@en1
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