§ Lord Dykes
asked Her Majesty's Government:
Whether adequate progress is being made in fulfilling the 2002 monetary commitments for industrialised countries in the run-up to the United Nations millennium summit in September 2005. [HL1244]
§ Lord McIntosh of Haringey
At the G7 meeting in London on the 4–5 February, Finance Ministers reaffirmed their commitment to help developing countries achieve the millennium development goals by 2015. They acknowledged the efforts of all donors whose official development assistance contributions exceed, reach or are increasing towards the Monterrey targets. The UK believes that in addition to the commitments reached at Monterrey, substantial additional resources will be needed to meet the millennium development goals and for this reason has proposed the International Finance Facility.