Global Partnership for Development
Millennium Development Goals
Reasons why this goal is important
Goal 8 is important as through developing global partnerships, developed countries are able to assist developing countries in improving their economies to better meet the needs of their people, thereby improving the countries standards. This results in a reduction in the morbidity and mortality rates in the developing countries. All though all of this sounds good, improving the economies of developing countries takes time. Therefore while focusing on the development of economies the official development assistance is still required to address current health concerns such as prevention and treatment of illness. The provision of medicines enables developing countries to treat illnesses and information communications technology (ICT) assists in ensuring medical information can be accessed quickly. ICT also assists individuals in further developing their businesses.
Explain the targets that have been set for this goal
- Target 1: Address the special needs of least developed countries, land locked countries and small island developing states.
- Target 2: Develop further an open, rule-based, predictable, non-discriminatory trading and financial system.
- Target 3: Deal comprehensively with developing countries' debt.
- Target 4: In cooperation with pharmaceutical companies, provide access to affordable essential drugs in developing countries.
- Target 5: In cooperation with the private sector, make available benefits of new technologies, especially information and communications.
What is the purpose of this goal?
The purpose of Goal 8 is to address the needs of the least developed countries through the provision of official development assistance (ODA), also referred to as aid.
Identify the current rate of success of this goal including what actions have been taken to attempt to reach the targets set
- Net official development assistance (ODA) increased
- A significant proportion of ODA was allocated to the achievement of the goals of gender equality and empowering women
- ODA to the least development countries is closer to the United Nations target of 0.15%.
- The average of tariffs imposed on developing countries by developed countries is at a low level.
- There has been an overall downward trend in the average external debt service payments for developing countries
- A significant number of developing countries had future debt payments reduced.
Idenfiy the areas that still need greater focus
- Whilst the amount of money provided for ODA had increased in terms of absolute dollars, the percentage in real terms has actually decreased when taking into consideration inflation.
- Current projections indicate that there may be a slowdown in incoming aid from 2013
- Bilateral aid to sub-saharan Africa decreased by 0.9% in real terms
- The decrease in tariffs applied to exported products by developing and least developed countries was significant only in the case of agricultural products.
- There are still countries that are experiencing debt distresses