With two months to go until the next G8 summit, German Chancellor Angela Merkel has promised to pressure rich nations to fulfil aid pledges to Africa, made two years ago. As holder of the G8 Presidency, Merkel promised that Germany would ensure that aid kept flowing to the world’s poorest countries.
After talks in Berlin, she said the Africa Progress Panel, headed by former UN Secretary General Kofi Annan, would meet later in the year to assess the progress made. Under Britain’s Presidency in 2005, the Group of Eight leading industrialised nations promised to double aid to Africa by 2010 and wipe out more than 29 billion euros of debt. Aid campaigners have now warned those targets are at risk.
Economic growth in Africa was just over five percent in 2006. That figure must reach at least seven percent to meet the target of reducing the numbers living in extreme poverty by half before 2015.