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Traditional channels of overseas development assistance (ODA) from developed nations to the developing world are not only insufficient for financing the ambitious post-2015 agenda, but it's clear that development as we know it is no longer relevant, nor desirable.
As part of this process, the EU "seeks to minimise contradictions and to build synergies between policies other than development cooperation that have an impact on developing countries, for the benefit of overseas development".
We can't "just get on with it" when education's share of overseas development aid has fallen from 13%to10%0% since 2002.
Notable is the desire to channel an increasing amount of overseas development assistance through non-DfID channels, particularly the national security council.
It is estimated that at least 3% of overseas development assistance is flowing from emerging powers such as China, India and Brazil.
Although it is still the single largest donor of overseas development assistance in absolute terms, its share of total aid has fallen from 45%to20%0% since 1960.
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In contrast, these same countries spend less than 0.3% of GNP on overseas development assistance (ODA) each year – far short of their mutually-agreed upon target of 0.7 1.0% of GNP [ 23].
But this fund will also be counted as part of the UK commitment to spend 0.7% of GDP on overseas development, which places detailed restrictions on its scope.
This enables the government to stick by the commendable commitment to spending 0.7% of GDP on overseas development.
A decade ago, big ideas were on the table: timetables for donors to reach 0.7% of national income on overseas development assistance (ODA); cancellation of all debt to the World Bank and IMF; a development trade round.
The centrepiece in that endeavour will be the projected increase in overseas aid from £7bn to £11.5bn over the next four years, which would mean that by 2013 the UK would become the first major industrial power to meet its UN obligation to spend 0.7% of national income on overseas development assistance.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com