UN General Assembly
2007

attention. Important decisions have already been taken. Here, I would refer in particular to the decision taken by the European Union in 2005 under the Luxembourg presidency to attain the objective of 0.7 per cent of gross national income for official development assistance (ODA) by 2015. Faced with the risk of stagnation in ODA, we must redouble our efforts to meet our commitments. A member of this all-too select Group with ODA that in 2007 reached close to 0.9 per cent of gross national income, and looking forward to achieving the objective of 1 per cent that we have set for ourselves Luxembourg can only look forward to the expansion of this club. The year that lies ahead is crucial from the standpoint of development. There will be a need to undertake resolutely, and in a way that seeks a convergence, the World Trade Organization trade negotiations, the follow-up to Monterrey in the area of financing for development, and the implementation of the Paris Declaration on Aid Effectiveness. Only if we adopt generous and courageous policies will we be able