Friday, July 08, 2005

G8 leaders announce multi-billion dollar aid commitment to Africa

A statement at the end of a three-day summit said commitments from the Group of Eight and other donors would mean an increase in aid to Africa by 25 billion dollars (21 billion euros) a year by 2010, more than doubling aid to the continent compared with 2004.
The statement, citing an estimate from the Organization for Economic Cooperation and Development, that donor pledges to official development assistance for all developing countries would increase by around 50 billion dollars a year by 2010.

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