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Wednesday, July 06, 2005

The G8 and Development: The Road to Gleneagles

Center for Global Development

CGD Press Release July 1, 2005

The communiqué issued by the G8 finance ministers at the conclusion of the June 10-11 meeting in London reaffirmed their commitment to help developing countries achieve the Millennium Development Goals by 2015, including particular efforts in Africa. They set out for G8 heads of government and states the steps they believe can be taken to further implement the Monterrey Consensus on an open world trade system; increased aid effectiveness; absorptive capacity; increased levels of aid; and debt relief.

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CGD president Nancy Birdsall, Senior Fellow Steve Radelet, Research Fellow Todd Moss, and Senior Program Associate Owen Barder respond to questions about the implications of the communiqué:

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http://www.cgdev.org/G8.cfm

G8 leaders agree $50bn Africa package