There’s the G-7, G-8, G-20 and G-77. Now meet the g07, which was born at last week’s Rio+20.
The group comprises donor countries that have met or are on their way to meeting the internationally agreed target of spending 0.7 percent of their gross national incomes on development cooperation. It aims to raise awareness on that target and urge other donors to do more toward achieving the goal.
As such, g07 is a really small group, with only Denmark, Sweden, Norway, Luxembourg and the United Kingdom so far making the cut.
Christian Friis Bach, the Danish minister for development cooperation, spearheaded the creation of the g07. His country has consistently exceeded the target since 1978, eight years after the aid spending goal was set.
“In spite of the fact that the world’s rich nations have had four decades to reach the target of providing 0.7 percent of GNI to development assistance, the network currently only consists of five countries,” Bach said in a June 22 press release. “We certainly do not hope that the g07 network will continue to [be] such an exclusive club and I would certainly celebrate any new country able to join the g07.”
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