Beginnings Issue 12.pub - Planning Institute of Jamaica

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P a g e 12 I s s u e 12 MDG Watch TARGETS Target 8a: Develop further an open, rule-based, predictable, non-discriminatory trading and financial system Target 8b: Address the special needs of the least developed countries Target 8c: Address the special needs of landlocked developing countries and small island developing states (through the Programme of Action for the Sustainable Development of Small Island Developing States and the outcome of the twenty-second special session of the General Assembly) Target 8d: Deal comprehensively with the debt problems of developing countries through national and international measures in order to make debt sustainable in the long term Target 8e: In cooperation with pharmaceutical companies, provide access to affordable essential drugs in developing countries Target 8f: In cooperation with the private sector, make available the benefits of new technologies, especially information and communications
P a g e 13 I s s u e 12 Trade The United Nations estimates that unfair trade rules deny poor countries $700 billion every year. Less than 0.01 per cent of this could save the sight of 30 million people. (Source: ChristianAid) International trade is worth $10 million a minute. 70 per cent of this is controlled by multinational corporations. (Source: ChristianAid) DID YOU KNOW? Did you know that in our world today: on aid. If the UK met the 0.7 per cent target by 2008, an extra 1.5 million people could beat poverty that year. (Source: Save The Children) To achieve 0.7 per cent, the UK needs to increase its aid budget by £3 billion. It sounds huge, but it is possible - the UK government found £5.5 billion to fund the 'war on terror'. (Source: Guardian) Rich Country Aid Commitments: The good the bad and the ugly The poorest 49 countries make up 10 per cent of the world's population but account for only 0.4 per cent of world trade. Their share has halved since 1980. (Source: ChristianAid) World trade robs poor countries of £1.3 billion a day - 14 times what they get in aid. (Source: CAFOD, 2003) The prices of many poor countries' key exports are at a 150- year low. (Source: ChristianAid) It is estimated that rich countries are gaining $141.8 billion per year in trade and Africa is $2.6 billion per year worse off. (Source: ChristianAid) Rich countries spend $100 billion a year to protect their markets with tariffs, quotas and subsidies - this is twice as much as they provide in aid for developing countries. (Source: Oxfam) Current trade rules force Mexican farmers who live on a dollar a day to compete with American farmers receiving subsidies of more than US$20,000 a year. (Source: ChristianAid) The average cow in the EU receives more than $2 a day in subsidies, whilst more than 3 billion people in developing countries are struggling to survive on less than this. (Source: Cafod) The EU gives $86.8 billion a year to its farmers in subsidies. Just $5 billion could help give everyone in the world access to safe water and sanitation. (Source) On average, coffee farmers are getting $1 a kilogram while consumers are paying about $15 - a mark up of 1500 per cent. (Source: Oxfam) Aid In 1970, 22 of the world's richest countries pledged to spend 0.7 per cent of their national income on aid. Thirty-four years later, only 5 countries have kept that promise. The UK hasn't. (Source: Save The Children) In 2002/3 the UK spent just 0.3 per cent of national income Debt Seven Million children die each year as a result of the debt crisis. (Source: DC, 2001) For every £1 in grant aid to developing countries, more than £13 comes back in debt repayments. (Source: World Health Report 2000) Every year Sub-Saharan Africa, the poorest region of the world, spends $14.5 billion repaying debts to the world's rich countries and international institutions such as the World Bank and International Monetary Fund. (Source: DATA) If we are to reach the Millennium Development Goal of halving the number of people living on less than one dollar a day by 2015, we must cancel all the debts of the poorest countries. (Source: Jubilee Debt Campaign) More than 85 per cent of the debt owed by the world's poorest countries has yet to be cancelled. (Source: Cafod) Debt cancellation needed by the world's poor: US$300bn. Debt relief promised by creditors so far: US$110bn. Debt cancellation delivered by July 2003: US$36bn. (Source: Cafod) Spread over ten years the cost to the UK taxpayer of cancelling £1.3bn debt is £171m a year or £2.85 per UK citizen per year - the price of a pint. (Source: WDM) Spread over 20 years, the cost of cancelling the debts of the 52 Jubilee 2000 countries is only one penny a day for each person in the industrialised world. (Source: World Centric) Ethiopia, a country with one of the highest mortality rates in the world, the $197m spent on servicing the national debt in 2001 could have fully financed provision of a basic package of health care for mothers and children. (Source: Oxfam) The money spent on debt repayments could provide water for around 1.3 billion people. (Source: WaterAid) All information sourced from: http://www.millenniumcampaign.org/site/pp.asp?c=grKVL2NLE&
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Page 5 and 6: P a g e 5 I s s u e 12 Off the Book
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