At the African Union Summit, British Prime Minister and Chairman of the G8, David Cameron re-asserted his conviction today to end extreme poverty. Patrick Wintour of The Guardian notes Cameron’s emphasis on “responsible capitalism” and accountability, the latter to which Cameron cited there will be “an accountability report when the G8 meets in Northern Ireland in June”.
Accountability seems to be a buzzword in recent politics as the pressure mounts for the United Nations to succeed in achieving the Millennium Development Goals, set to expire in 2015. The time is coming for individual nations to own up to the promises they had made to succeed these goals in 2010.
The Guardian reports that Cameron promises to pressure western countries that have been less proactive on their aid pledges. The news source contends, “Britain has maintained its pledge to ringfence 0.7% of its gross domestic product for aid, something which has been fiercely opposed by some in Cameron’s party.”
This percentage yields a large impact and is a higher percentage of gross domestic product than what the United States has contributed, which was reported to only contribute 0.19% of its gross domestic product in 2010. Although the size of the American economy is much bigger than that of most nations, the country may be held accountable for its false promises. In the past few years, the allocation of funding for foreign aid in the U.S. Budget has decreased because politicians seek to assuage the repercussions of the 2008 financial crisis.
– Nina Narang