Financial Times FT.com

G8 leaders ready to backtrack on Africa aid

By Hugh Williamson in Berlin

Published: June 29 2008 23:33 | Last updated: June 29 2008 23:33

Leaders of the Group of Eight rich nations are set to backtrack on their landmark pledge at the Gleneagles summit in 2005 to increase development aid to Africa to $25bn a year.

A draft communiqué obtained by the Financial Times, due to be issued at the group’s July summit in Hokkaido, Japan, shows leaders will commit to fulfilling “our commitments on [development aid] made at Gleneagles” – but fails to cite the target of $25bn annually by 2010.

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