Bretton Woods 2 conference: limited expectations
13 Nov 2008
On November 15 the leaders of 20 nations and the major multilateral financial institutions will gather behind closed doors in Washington to discuss the future of the global economy. This group includes many of the people, governments, and institutions whose policies are responsible for the current financial meltdown. Civil society groups and many governments have called for a process that is much more inclusive of other nations and the peoples of those nations.

More than 116 million people - nearly 2% of the world's population Stand Up Against Poverty
24 Oct 2008
World record for mass mobilisation shattered. Citizens demand that world leaders keep promises to achieve the millenium goals and end inequality.

Financial crisis leaves developing countries in the lurch as World Bank/International Monetary Fund annual meeting ends
13 Oct 2008
ActionAid: World Bank/International Monetary Fund annual meetings failed to guarantee assistance for the world's poorest countries, despite admitting that the most vulnerable could face "serious, and in some cases, permanent damage" from the global financial crisis.

 
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PointSeven
More and Better Aid

Poverty blights the lives of 1.4 billion people in the developing world, who still live on less than US$1.25 a day.

That's why it is urgent that richer countries like New Zealand work to end poverty and promote human rights. One way to achieve this is through providing effective Overseas Development Assistance (ODA).

New Zealand has committed to a United Nations target that all developed countries should give 0.7% of Gross National Income (GNI) as ODA by 2015. The 0.7% figure may sound complicated, but it is actually quite simple. You take the total income earned by all the people in the country and then the government gives 0.7% of that as aid. Or to look at it another way: for every $100 earned in the country, the country gives 70 cents in aid.

Currently, New Zealand gives only 0.3% of GNI as ODA. We can afford to do better.

In the light of the worsening economic climate and "credit crunch", the United Nations is calling for "substantial increases" in ODA to developing countries. This means more, not less, aid because the financial and food crises will hit the world's poorest people the hardest and richer countries have a responsibility to act.

That's why more and better aid is needed now, more than ever. New Zealand must play its part and honour our commitment to meet the internationally agreed target of giving 0.7% of GNI as ODA by 2015.

 

Point Seven Graph

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Our Mission:

  • To influence the New Zealand government to give 0.7 % of Gross National Income (GNI) as overseas aid by 2015
  • To encourage the government to keep giving effective aid, that reaches the people who need it and can be proven to reduce poverty
  • To support the independence of New Zealand's aid agency NZAID and its clear focus on eliminating poverty