"Launched a month ahead of the next G8 meeting, in Heiligdamm, Germany, the report says that instead of meeting the target of $50-billion (about R350-billion) annually - set in Scotland, in 2005 - development aid actually fell last year, the first time since 1997.
Ten times more money was being spent by governments on arms, and four times more by America on the war in Iraq. The shortfall in aid by 2010 would be a staggering $30-billion, based on current trends.
The report rejects the assertion that aid doesn't work, saying that especially African governments have increased their spending on the eradication of poverty, and several aid projects have been successful."
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