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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