The G8 committed $4 billion to improve the global trade position of Africa. The announcement, however, did not set the deadline when the donor governments intend to provide the cash. The group also agreed to provide an annual update of its Gleneagles commitments at every summit. Last year, the G8 leaders promised to boost aid to the world’s poorest nations by $50 billion by 2010.
Source: G8 pledges more cash for Africa (Financial Times)