EU pledges extra € 4 billion a year for FfD (Monterrey)

Today the European Union committed itself to reach an average of 0.39% of Official Development Aid (ODA) of Gross National Income by 2006 as a concrete first step forward to achieving the internationally recognized UN goal of 0.7%. This will translate to an increase of about EUR 4 billion annually in ODA by 2006. This achievement shows that Europe is not complacent about being the world's number one aid donor. For the full text of the conclusions, please click here.

With the valuable assistance of the Spanish Presidency, EU Member States have rallied around a position to give the EU a strong platform for providing leadership based on global equity and solidarity in Monterrey. The conference provides an historic opportunity to make progress towards the achievement of the UN Millennium Development Goals for poverty reduction.

| Arriba |

• EU Presidency Statement - Macroeconomic Policy Questions (3/10/2002)
• Commissioner Nielson's Speech on post-WSSD (25/9/2002)
• EU Presidency Statement - The EU´s commitments: looking beyond Monterrey consensus (22/3/2002)
• President Prodi's speech at the International Conference on FfD (Monterrey) (22/3/2002)
• Intervención del presidente del Gobierno de España, Jose Marìa Aznar, para la financiación del desarrollo (21/3/2002)
• President Prodi goes to UN Conference on FfD (Monterrey) (21/3/2002)
• EU Presidency Statement - Financing for Development (Monterrey)  (21/3/2002)