World Aid

- In 2002, total aid = $53 bn (0.2%  of world GNP)

- 0.7% = $175 bn p.a. (rich world GNP is $25 trillion )

USA Aid

- In 2004 US aid =  $15 bn p.a. (0.14%  of  GNP) 

- 0.7% = around $75 bn

George Bush pledged to raise aid to countries that could demonstrate the “will and capacity to use the increased funding efficiently”

(President George Bush Monterey,2002)

George Bush promised increments of $1.6 billion, $3.2 billion and $5 billion each year.

( President George Bush Monterey,2002)

This has not happened.

Sachs p218