06 April 2009
Caritas welcomed renewed commitments from the G20 Summit on reaching aid and development targets, but fears leaders did not do enough to spare millions of people falling into poverty.
Leaders of the G20 of developed and emerging economies met in London on 2 April, as the world faces the greatest challenge to the global economy in modern times.
Blandine Bouniol, Caritas Policy Officer for International Cooperation said, “The G20 reaffirmed aid targets and commitments such as dedicating 0.7 percent of gross domestic income (GNI) for overseas aid. But Caritas remains skeptical that those promises will be met, with some donors already announcing drastic budget cuts and the lack of concrete measures such as a timetables for delivery.