§ John Healey
Final decisions on contributions to the proposed International Finance Facility can only be taken in conjunction with donor partners.
For our part, the UK Government stands ready to commit the additional resources pledged at the 2002 Monterrey Conference, where all EU states agreed to reach 0.39 per cent. ODA/GNI from 2006. The most recent Spending Review announced that UK ODA would reach £4.9 billion from 2005–06, or 0.4 per cent. ODA/GNI, thereby exceeding our Monterrey commitment. This represents a 93 per cent. increase in UK official development assistance since 1997.