G7, One Campaign’s complaint: “Never so little aid for Africa”

A G7 session entitled 'Africa, Climate Change and Development' is scheduled for today

ROME – There has never been so little aid to Africa from the G7 countries: this is estimated by the non-governmental organization The One Campaign in a study released on the occasion of the summit of heads of state and government starting today in Borgo Egnazia, Puglia. The report underlines how the share of appropriations is at the lowest point since 1973, therefore since the period in which the forum was born, called at the time to deal with the energy crisis and the increase in gas prices. petrolium.

G7, ONE CAMPAIGN: “THE SHARE OF PUBLIC DEVELOPMENT ASSISTANCE FOR AFRICA HAS DROPPED TO 25.5%”

According to The One Campaign, the share of public development assistance (ODA) destined for Africa fell to 25.8 percent of the total in 2022. Then, in 2024, the EU, France and Germany announced cuts in funding amounting to almost nine billion dollars. Overall, the study calculates, donors spend almost one dollar in five at home.

G7, ONE CAMPAIGN: “FINANCIAL FLOWS TO AFRICA

Furthermore, The One Campaign reports that financial flows to Africa decreased by 18 percent in the period 2020-2022, going from 56 to 40 billion dollars. Then there is the question of debt and interest payments. The NGO estimates that African countries will spend 81 billion dollars just servicing creditors between 2023 and 2025: a fifth of these resources will go to China, which is not a member state of the G7. The summary is by Ndidi Okonkwo Nwuneli, president of The One Campaign. “The G7 and the EU say they want to give stronger priorities and partnerships with Africa” denounced the person in charge, “but our research shows that words do not correspond to actions< /strong>“. The topic will be on the summit table already today. A G7 session entitled ‘Africa, Climate Change and Development’ is scheduled for today. The setting will be that of a host country, Italy, which promises to invest on the continent, starting with the initiative called Piano Mattei.