| The
0.7% Target |
 |
The 0.7% Target: 1970 DAC Agreement
In 1970, the DAC nations accepted a target set in the United
Nations General Assembly to give 0.7% of their GNP in Official
Development Assistance to developing countries. As it stands
now, only five nations have met this target: Denmark, The
Netherlands, Sweden, Norway, and Luxembourg. Other countries
are working to meet it.
Problems with Meeting the Target & How They Might be
Resolved
Some countries like Japan and the United States, who donate
the largest amounts of aid without coming close to the 0.7%
target, say that to meet the 0.7% target would place an unfair
burden on them. Many nations are having difficulties meeting
the current targets.
However, working toward the 0.1% target as part of the 0.7%
target would increase donor nations' total aid levels, thereby
helping them to get closer to the 0.7% target. Those nations
which have already met the 0.7% target would simply have to
show that one-seventh of their aid was going to kids. Also,
0.1% for kids, as a popular policy, would stimulate interest
in 0.7% and development funding generally. |