Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-303-500"

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"en.20111116.18.3-303-500"2
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") Last year, Member States donated just 0.43% of their gross national income (GNI) to public development aid despite the commitment made at the Millennium Summit to allocate 0.7% of GNI to the poorest countries in the world by 2015, and the intermediate objective of 0.56% for 2010. Indeed, since then, the financial and economic crisis has put increasing pressure on national budgets and, as a result, in 2009 and 2010, 15 Member States had to revise their budgets for official development assistance (ODA) downwards. The adoption of this report calls for Member States to take measures to honour their commitments and scale up their efforts to ensure the implementation of existing debt relief initiatives for Heavily Indebted Poor Countries. This report however also addresses the effectiveness of allocated aid, because every year the lack of aid effectiveness results in around EUR 6 billion of public money being wasted. The EU is aware of this situation and will address the issue at the forthcoming Fourth High Level Forum on Aid Effectiveness, to be held in Busan, (Korea) in November, at which concrete steps will be outlined to ensure that ODA is more effective and put to better use."@en1
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