UK to spend over $10 billion in aid to Africa by 2010

from Walta Info

The United Kingdom will spend over £6 billion ($10 billion) in official development assistance in Africa by 2010, the UK government announced on Tuesday.

By 2010, UK will have spent cumulatively an additional £12.5 billion over half of which will be spent in Africa, the government said in a report sent to APA.

The announcement was made in connection with the UN general assembly meeting to be held next week in New York where the millennium development goals (MDGs) and climate change will dominate the meeting.

The UK government also said it is currently spending £400 million to tackle the rising food price increase and in agriculture research in the developing countries including Africa.

"Almost 90 % of UK bilateral assistance is spent in low-income countries. We are on track to spend 0.7% of national income on development by 2013, two years ahead of the European Union target,\" the UK government said.

The UN general assembly meeting in New York on the MDGs is an important opportunity for the international community to set out how it plans to keep its promises to the world\’s poor to meet the MDGs and halve poverty by 2015.

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