The Leaders of the top eight economies in the world came to the G8 Summit in Deauville, France this year with a lot of explaining to do.
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.
In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.
Faltering overseas aid figures announced today are depriving poor countries of a massive $18bn worth of life-saving aid, at a time when 64 million more people globally have been pushed into poverty by the financial crisis.
Oxfam calls on donors to allocate life-saving aid based on need not on short-term political or military gains