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Developing countries want wealthy to meet aid target

Doha meet begins

AFP, Doha,
The Group of 77 developing nations and China are to call on wealthy countries to honour pledges of additional aid to close the gap between rich and poor at a two-day summit that opens here Wednesday.
A draft resolution approved by foreign ministers at a preparatory meeting Tuesday calls on rich countries to meet their obligations by raising official development assistance (ODA) to 0.7 percent of Gross National Product.
The target was set by the United Nations several years ago but most industrialised countries are still a long way from meeting it.
The 132-member bloc is also
demanding that between 0.15 percent and 0.20 percent of ODA be directed to least developed countries.
"Developing countries do not need new pledges," Qatar's chief diplomat, sheikh Hamad bin Jassem al-Thani, told the opening session of the ministers' meeting on Monday.
"They await the effective implementation of previous pledges."
If all wealthy nations boosted their aid budgets to the UN target level, it would raise tens of billions of dollars in desperately needed funds.
The draft declaration also calls for more debt relief for developing countries, including the cancellation of all government debt owed by
least developed countries.
Ministers welcomed a decision by the industrialized nations to write off some debt but said it should come with no strings attached.
"The G77 and China welcome any initiative to write off debts, but our position is that the debt relief must be without conditions," Qatari minister of state Ahmed bin Abdullah al-Mahmud told reporters.
"We are not aware if the rich countries' decision involves conditions ... Any conditions to the decision will create problems," Mahmud said.
Finance ministers of the Group of Eight wealthiest countries agreed saturday on a historic deal to wipe out 40 billion dollars of debt owed by 18 poor nations in Africa and Latin
America.
Algerian presidential envoy Abdelaziz Belkhadem called on wealthy nations to reduce the debt burden on poor African nations by transforming part of it into social investments, chiefly in education and health.
Belkhadem said that total debt owed by African countries amounted to 350 billion dollars "which is the same amount paid by Europe alone as subsidies for its agriculture sector annually."
He said the problem of Third World had yet to be properly addressed, adding that any solution "must not involve political preconditions that may only aggravate their financial burden".