Masthead graphic based on a painting by Gudrun Thriemer.

Sunday, July 06, 2008

Hugh Williamson, "G8 leaders ready to backtrack on $2.5bn pledge to Africa," Financial Times, June 30, 2008.

[This article suggests that the draft might change in response to pressure from African countries or the public. Who knows, even Bono and Sir Bob might have some influence. -jlt]

In a further retreat, the G8 is set to abandon its Gleneagles promise to provide universal access to Aids treatment and prevention by 2010.

Leaders of the Group of Eight rich nations are set to backtrack on their landmark pledge at the Gleneagles summit in 2005 to increase development aid to Africa to $25bn a year.

A draft communiqué obtained by the Financial Times, due to be issued at the group's July summit in Hokkaido, Japan, shows leaders will commit to fulfilling "our commitments on [development aid] made at Gleneagles" - but fails to cite the target of $25bn annually by 2010.

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