Rich nations urged to honor Africa aid pledgesA UN summit on Africa's development wrapped up with a call on rich countries to honor their pledge to double their annual aid to the continent, which is struggling to meet poverty reduction goals by 2015.
Representatives of more than 160 countries adopted by consensus a political declaration on Africa's development needs.
"We are concerned that, at the current rate, the commitment of doubling aid to Africa by 2010 as articulated at the G8 summit in Gleneagles (Scotland) will not be reached," Monday's text said.
"We call for the fulfillment of all official development assistance-related commitments, including the commitments made by many developed countries to achieve the target of 0.7 percent of gross national income for official development assistance by 2015," it added.
The gathering, held on the eve On the Eve (Накануне in Russian) is the third novel by famous Russian writer Ivan Turgenev, best known for his short stories and the novel Fathers and Sons. of the UN General Assembly's annual general debate, was attended by world leaders For a list of heads of state, see .
World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. , including French President Nicolas Sarkozy and several of his African counterparts, notably Jakaya Kikwete President Jakaya Mrisho Kikwete (born October 7 1950) is a Tanzanian politician and current President of the United Republic of Tanzania. Kikwete was born in Msoga, Bagamoyo District, Tanzania or as it was then known, Tanganyika. of Tanzania.
Participants also welcomed the increased aid flows from "new development actors, including some developing countries, global funds, the private sector, civil society organizations, as well as from innovative sources of finance."
The declaration also called for an "integrated response" by African countries and the world community, including a partnership to back integrated and sustainable agriculture sustainable agriculture
A method of agriculture that attempts to ensure the profitability of farms while preserving the environment. and rural development and stressed the importance of food security.
Kikwete, the current chairman of the African Union African Union (AU), international organization established in 2002 by the nations of the former Organization of African Unity (OAU). The AU is the successor organization to the OAU, with greater powers to promote African economic, social, and political integration, (AU), welcomed adoption of the declaration as well as the "frank discussions" that took place during the meeting, held three days before another summit here on implementation of the Millenium Development Goals (MDGs) worldwide.
In 2000, a world summit here agreed on eight MDGs to be implemented by all countries by 2015. They included halving the number of people living below the poverty line -- now set at 1.25 dollar a day -- between 1990 and 2015.
The declaration also stressed the importance of promoting "South-South cooperation and triangular cooperation, which have great potential to facilitate the exchange of successful strategies, practices and experiences."
"It has been a successful day for Africa," Kikwete said.
UN chief Ban Ki-moon Ban Ki-Moon (bän kē-mn), 1944–, South Korean diplomat, secretary-general of the United Nations (2007–), b. Chungju, grad. Seoul National Univ. (B.S. also appealed to rich countries to implement the 2005 Gleneagles summit pledge to more than double aid to Africa (to bring it to 50 billion dollars)."
At their 2005 summit in the Scottish town of Gleneagles, G8 countries -- the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan, Germany, France, Britain, Italy, Canada and Russia -- vowed to boost aid to Africa with an extra 25 billion dollars (17 billion euros) per year by 2010.
And the recent meltdown of the global financial industry that led to a proposed 700-billion-dollar US government bailout is likely to make donors even less willing to offer more help.
"It will cost about 72 billion dollars per year in external financing In the theory of capital structure, External financing is the phrase used to describe funds that firms obtain from outside of the firm. It is contrasted to internal financing which consists mainly of profits retained by the firm for investment. to achieve the MDGs (in Africa) by the 2015 deadline,"Ban said. "This price tag may look daunting daunt
tr.v. daunt·ed, daunt·ing, daunts
To abate the courage of; discourage. See Synonyms at dismay.
[Middle English daunten, from Old French danter, from Latin . But it is affordable and falls within existing aid commitments."
Meanwhile Sarkozy warned new donors like China against fueling a new "debt crisis" on the continent.
The French leader, whose country currently chairs the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the
European Community (EU), cautioned them against helping set "the stage for a new debt crisis" in Africa.
"Europeans and Africans have agreed on untying aid. Why then go back on this principle with donors from other continents," he said, referring to countries like China, without mentioning it by name.
Western analysts have warned that China's offer of billions of dollars in unconditional aid and cheap loans to African governments risks pushing back into debt countries that have only just benefited from debt relief and hurts efforts to promote democratic rule and good governance The terms governance and good governance are increasingly being used in development literature. Governance describes the process of decision-making and the process by which decisions are implemented (or not implemented). .