Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-166"
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"en.20091008.13.4-166"2
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"−
Madam President, ladies and gentlemen, as the Committee on Development’s motion for a resolution mentions, all to its credit, the existing global financial and economic crisis has hit the poorest countries hardest. The development targets achieved in many developing countries are at risk and achievement of the Millennium Development Goals seems ever more difficult. Despite the many promises made by developed countries, expressed publicly at the G20 and G8 Summits, for example, the amount of aid sent to developing countries is nowhere near what was pledged. In fact, even before the crisis erupted, the amount of development aid from many EU Member States was far less than what they had promised.
The crisis may also be a new opportunity. The considerable growth in International Monetary Fund resources and changes to that organisation’s decision-making system are two reasons for thinking there may be positive developments. The reform of the IMF and the additional resources answer a sore need, but this alone is not nearly enough to ease the situation facing the world’s poorest. The developed countries must keep their word regarding their commitment to the Millennium Goals and to the 0.7% of GDP needed to increase development aid. The financing needed to fight and adapt to climate change is an additional responsibility that the developed world cannot afford to wriggle out of. The fundamental pillar of the new international rules must be the notion of more equal opportunities to be involved in revising the rules as well as playing by them."@en1
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