http://www.theage.com.au/news/World/Broken-aid-promises-killing-children/2004/12/06/1102182196722.html?oneclick=trueAbout 45 million children around the world will die in the next decade because rich countries have failed to meet their aid promises, humanitarian agency Oxfam said today.
"The world's poorest children are paying for rich countries' policies on aid and debt with their lives," said Oxfam director Barbara Stocking.
In a report titled Paying the Price, the British aid agency said countries such as the US, Germany and Japan had reneged on pledges made in 1970 to make available 0.7 per cent of their gross national income (GNI) in aid and as a result up to 45 million children would die by 2015.
"Thirty-four years on, none of the G8 members have reached this target and many have not even set a timetable," it said.
The aid budgets of rich nations are half what they were in 1960, Oxfam said, while poor countries are having to cough up $US100 million ($A129.3 million) a day in debt repayments.
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