G8 leaders pledge $60bn aid to Africa

[muriel_volestrangler]

Source: Guardian

On the last day of the summit, the world's eight leading industrialised countries agreed to commit $60bn (£30bn) in the fight against HIV/Aids and other deadly diseases, such as malaria.
...
But the announcement could not disguise the fact that the G8 had not lived up to the commitments made at the Gleneagles summit in Scotland two years ago.

The Gleneagles summit called for an increase in aid to $50bn a year through 2010, with half of that going to Africa itself. But amounts pledged since then are set to miss the target by $30bn, anti-poverty and aid groups said.

Aid groups said the time-scale on the $60bn for HIV/Aids was unclear and expressed doubt on whether it would be enough to achieve the agreed targets on universal access to treatment by 2010.

Read more: http://www.guardian.co.uk/g8/story/0,,2098552,00.html