Mind the (Growing) Gap – Debt, Aid, and Trade
1.2 billion people are still living in abject poverty as Prime Minister Stephen Harper heads to St. Petersburg for the annual Group of Eight (G8) meetings. With new promises on energy and security waiting in the wings, it is timely to reflect on how far the G8 has moved on its pledges since last year’s Gleneagles Summit.
According to British Prime Minister Tony Blair, 2005 was to be “the year for Africa”. The Africa Commission report, the Make Poverty History campaign and the Live 8 concerts focused attention on full debt cancellation, more and better aid, fairer trade and tackling poverty. Progress on these fronts, among others, was to help Africa “make serious inroads into poverty”, and towards achieving the United Nations (UN) Millennium Development Goals.