The Queen’s Speech today underlined the government’s commitment that 0.7% of gross national income (GNI) will be spent as official development assistance every year from 2013. The government is also committed to enshrining the 0.7% target in law, as set out in the Coalition Agreement.
The UK government believes that this commitment on aid is both morally right and in our national interest. It will place Britain in a position of clear international leadership, encourage other countries to live up to their commitments and generate momentum ahead of September’s UN summit on the Millennium Development Goals.
The government believes that the quality of aid is just as important as the quantity of it. So value for money will be central to everything DFID does: using the power of independent evaluation, transparency and results-focus to maximise the effectiveness of Britain’s aid efforts.