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    • News

    At G8 Summit, Obama Validates Leaked Aid Reform

    By Ma. Rizza Leonzon // 28 June 2010

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    U.S. President Barack Obama with U.K. Prime Minister David Cameron and German Chancellor Angela Merkel during the G8 summit in Canada. Photo by: Pete Souza / White House

    At a G-8 summit in Canada, U.S. President Barack Obama over the weekend confirmed for the first time a series of foreign aid reform plans that were leaked to the media last month.

    In an announcement released June 25, Obama mapped out a new U.S. approach to international development that resembles the Presidential Study Directive on Global Development draft report, a White House strategy leaked to the news media in early May that focuses on emerging markets, technology, post-conflict countries and local capacity building.

    The new announcement by Obama, who was attending a meeting of Group of Eight industrialized nations in Muskoka, did not provide details beyond what was contained in the leaked draft PSD-7.

    Obama will be issuing a new development policy “in the near future,” according to his announcement. The new policy will:

    - Foster the next generation of emerging markets by promoting economic development and good governance in countries or regions where “the conditions are right for progress.”

    - Invest in “game-changing innovations” through research and development to create and scale-up technologies for health, green energy, agriculture, and other development applications.

    - Meet basic human needs in a “sustainable fashion” by placing increasing emphasis on improving public sector capacity to provide basic services over the long-term.

    - Tailor development strategies for countries reeling from conflict to foster long-term sustainable development goals by promoting stabilization and security.

    - Hold all aid recipients accountable by placing a greater focus on policy reforms crucial to achieving development.

    Apart from these objectives, the U.S. will pursue a new approach to development that:

    - Is more selective as the U.S. will focus its efforts on “select countries, regions, and sectors,” and seek “a division of labor” with other donors.

    - Leverages other donors, philanthropy, diaspora and the private sector by making a concerted effort to collaborate with other partners to leverage U.S. investments.

    - Underscores country ownership and mutual accountability by partnering with nations that are “well governed,” and strengthening the institutions and supporting the development strategies of these countries.

    - Strengthens multilateral capabilities and key reforms, and create new capabilities, “where required.”

    - Drives policy with analysis by adopting metrics and “rigorous standards” for monitoring and evaluation.

      Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

      About the author

      • Ma. Rizza Leonzon

        Ma. Rizza Leonzon

        As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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