Financial Transaction Tax
European Commission President José Manuel Barroso, on behalf of the European Union, today proposed a package of 1 billion Euros [$1.3 billion] to support reaching the MDGs in African, Carib
European Commission President José Manuel Barroso promised today he would announce an extra €1 billion for the Millennium Development Goals (MDGs) at a major UN summit in New York later this month.
Contrary to the positive picture painted by the International Monetary Fund in its 2010 World Economic Outlook, poor countries are being forced to cut back on their economic crisis-response spending too soon.
The World Development Indicators report released today by the World Bank shows that sub-Saharan Africa is off-target, overall, on all Millennium Development Goals. It lays bare the human cost of rich countries' failure to deliver on their aid promises.