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.
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.
Growth is necessary but not sufficient to lift poor people out of poverty, international agency Oxfam said today as it published a briefing paper calling on the G20 to agree an historic new Seoul development consensus to help the world’s poorest.
As the G8 Summit comes to a close, international agency Oxfam criticized the leaders for their failure to deliver on their promises and for trying to divert attention by cobbling together a small initiative for maternal and child health.
On June 24, Oxfam's G8 "Big Heads" were in Huntsville 'naked' and 'pregnant.' Their modesty preserved only by a maple leaf, they will illustrate the G8's failure to keep their promises to poor people around the world.
On the eve of the G8 Summit in Canada, international agency Oxfam warned that G8 aid promises due in 2010 have been missed by as much as $20 billion dollars – twice the gap admitted by world leaders. The G8 must deliver on their promises to poor people and invest in their future.