Keep the 0.7% Aid Target
Updated: Dec 16, 2020
The UK government is considering a cut to the 0.7% of GNI target for overseas development assistance, which is enshrined in law and a Conservative 2019 manifesto commitment, to 0.5%. Such a move would have damaging and far-reaching effects on the international development landscape for years to come.
Michael Dockar, Director of International Service, has added our support to an open letter from members of Bond - the International Development network - calling for the 0.7% overseas aid spending target to be preserved.
The UK has led the way in providing generous and effective funding for international development and humanitarian assistance, supporting the achievement of Millennium Development Goals and the Sustainable Development Goals. The 0.7% aid spending commitment is a key part of this.
The 0.7% target was agreed by the OECD - it is a target that member countries like the UK have committed to meet. Countries like the UK which have consistently met the target help put international pressure on countries which are not yet reaching it to increase their aid spending, which increases the size of the overall pot.
The countries which the 0.7% target applies to are by definition among the very richest countries in the world. There is no question of them being able to afford it. 0.7% sounds like a small proportion - and while it's a relatively small amount of money for the donor country, it can equate to a very significant amount for the receiving countries because of the very different sizes of their economies.
Read the letter to find out more.