USD300 Billion of G-20 Financing Must Go to Developing World, Ban Says

    United Nations Secretary-General Ban Ki-moon wants at least USD300 billion of the USD1.1 trillion pledged by G-20 to come in the form of development aid for poor nations,

    reported. The bloc's pledges must be "translated into concrete action," he added. "I believe that at least USD300 billion should be going to official development assistance for developing countries, the most vulnerable countries, and this is very important," Ban said.

    About the author

    • 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.