More progress is needed on developing a global partnership for development. MDG 8 covers cooperation in aid, trade, debt relief, and access to technology and essential drugs. Although aid from countries in the OECD’s Development Assistance Committee (DAC) rose by 0.7 percent in real terms in 2009 to $119.6 billion, it falls well short of earlier commitments, especially for Sub-Saharan Africa. When debt relief is excluded, overseas development assistance (ODA) rose last year by 6.8 percent in real terms. Meanwhile, assistance from non-DAC donors as well as from private sources is rising fast. And progress continues in reducing poor countries debt burden through World Bank and IMF initiatives.
Donors need to shield aid budgets from the fiscal impact of the financial crisis. In trade the largest implementation gap is the failure to conclude the Doha Round of negotiations. Progress has been greater in providing debt relief to poor countries, thanks to the Heavily Indebted Poor Countries Debt Initiative and the Multilateral Debt Relief Initiative. The lack of specific targets hampers the transfer of technology to developing countries and their access to essential drugs.