Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-22-Speech-4-907"
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"en.20080522.7.4-907"2
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"In 2005, the Paris Declaration established specific commitments to promote enhanced development aid effectiveness, on the basis of dialogue and mutual accountability. That international framework is essential for the EU, which provides more than 55% of total world development aid.
With a view to further improving the quality and effectiveness of that aid, the EP is also calling for the simplification of procedures, measures to combat corruption and disbursement of the aid in line with the partners’ own priorities. Those measures are all the more necessary at a time when Member States’ development aid has fallen somewhat, from 0.41% to 0.38% of the EU’s GNP between 2006 and 2007.
At a time when the food crisis is affecting the most fragile developing countries and access to water and education remains restricted, it is understandable that the EU must redouble its efforts to achieve the MDG objective of allocating 0.7% of its GNP to development aid by the year 2015. Similarly, to ensure that the aid takes the form of long-term and predictable financing, it is vital to release additional resources by means of innovative financing mechanisms and to mobilise sovereign wealth funds for productive investment."@en1
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