At the start of the meeting on Monday, leaders from the world's poorest nations urged richer countries to deliver practical results. We as a donor community have to commit ourselves. As part of the plan donor countries said they would cancel more outstanding debts for the poorest countries, a key demand by the 49 at the meeting. Donors also promised to offer them special status within the World Trade Organization. Participants agreed to increase development aid was also agreed to and reduce the conditions such aid comes with.
Much aid obliges recipient countries to spend the money on products and services from donors.
It was made clear, that new aid would come at the condition that poorer countries move to implement not only economic reforms, but political ones too, including improvement of human rights and democracy, and reducing corruption. Aid groups criticized the plan for not setting dates by which market access could be achieved. The Daily Camera. All rights reserved. Any copying, redistribution, or retransmission of any of the contents of this service without the express written consent of The Daily Camera is expressly prohibited.