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Goal 8: Develop a Global Partnership for Development

Target

 Goal 3
  • Develop further an open, rule-based, predictable, nondiscriminatory trading and financial system
  • Address the special needs of the least developed countries
  • Address the special needs of landlocked developing countries and small island developing states
  • Deal comprehensively with the debt problems of developing countries through national and international measures in order to make debt sustainable in the long term
  • In cooperation with pharmaceutical companies, provide access to affordable essential drugs in developing countries
  • In cooperation with the private sector, make available the benefits of new technologies, especially information and communications

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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.



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