The leaders of the seven biggest industrialized economies met in Gleneagles, Scotland, in 2005 to agree a financial aid package for Africa. The agreement promised a staggered rate to sub-Saharan Africa, rising from $17.5 billion to $35.7 billion in 2010.
According to One’s new report, to be published this week, Germany’s contribution to that was to be $6.7 billion. In fact, according to a report in news magazine Der Spiegel, Berlin has delivered only half of the money. Canada and the US, by contrast, have exceeded their promises.
One’s German director Tobias Kahler said the government had to significantly increase its payments, or else “it will only reach its 2015 target – to invest 0.7 percent of the GDP in international development – by 2022.”
One was founded by rockstars Bono and Bob Geldof in 2002.