Financial Times FT.com

G8 pledges more cash for Africa

By James Blitz in St Petersburg

Published: July 16 2006 18:22 | Last updated: July 16 2006 18:22

The Group of Eight on Sunday gave new impetus to an aid-for-trade programme to help African states boost their export markets, stating that they aimed to provide an additional $4bn in assistance.

However, while the announcement means G8 countries may have to find new cash for this scheme, a communiqué published on Sunday does not set out the timescale in which the $4bn (£2.2bn, €3.2bn) must be obtained. Separately, the group also gave impetus to the need to reform “rules of origin” that govern the import duties western states set on goods imported from Africa.

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