At Busan global development leaders reviewed progress in improving the impact and value for money of development aid and made new commitments to further ensure that aid helps reduce poverty and supports progress in meeting the Millennium Development Goals.
A coalition of 38 aid agencies today (6 September 2011) called on donors not to squander the opportunity to make a difference in the lives of the people of South Sudan, the world’s newest nation. The call came as new violence in Jonglei state increased emergency needs.
Launched in Brussels on 19th May, this year’s flagship AidWatch report entitled 'Challenging self-interest: Getting EU aid fit for the fight against poverty' says that aid is becoming increasingly dictated by domestic political agendas.
The International Monetary Fund (IMF) board will meet this week [6 April] to discuss how to use the extra $2.8 billion windfall it made from selling 403.3 tons of gold late last year. The windfall profits should be used to cancel the debts of poor countries facing crises outside their control.