Monday, May 14, 2007

Increasing Aid

Foreign Minister Winston Peters has announced a major increase in aid spending - $70 million this year, and $250 million over the next four years. This will mean that Labour will meet its election pledge to increase aid to 0.35% of GDP by 2010 - the highest level in thirty years, though still not a touch on the 0.52% reached under the Kirk government. Still, it is an extremely welcome increase, and one the government can be proud of.

Next step: getting them to lay out a pathway to meet their commitment under the Millenium Development Goals to increase aid to 0.7% of GDP by 2015.