In 2005, Jeffrey Sachs, the Special Economic Adviser to the United Nations, led an international team of economists to set out a plan to end extreme poverty by 2025.
The first step of the plan was to meet the Millennium Development goals by 2015. The second step was to maintain the same level of giving for another 10 years thereafter.
Of this £120 billion, it was estimated that £50.29 billion should go to the area where the problems are most acute and the prospect for recovery most remote: Sub-Saharan Africa.
According to the 2009 UN Report on the Millennium Development Goals, as of 2008, the level of aid given by the rich countries has reached £72.3 billion per annum.
Of this, only a third, £23.84 billion, is actually going to those countries where the problems are most acute and the prospect for recovery most remote.
So, the shortfall for the poorest countries can be calculated like this:
Aid need for poorest countries – £50.29 billion
Aid provided for poorest countries – £23.84 billion
Ending extreme poverty by 2025
In 2005, Jeffrey Sachs, the Special Economic Adviser to the United Nations, led an international team of economists to set out a plan to end extreme poverty by 2025.
The first step of the plan was to meet the Millennium Development goals by 2015. The second step was to maintain the same level of giving for another 10 years thereafter.
The estimated cost would reach £120 billion per annum by 2015 and run at this level for the 10 years following.
Of this £120 billion, it was estimated that £50.29 billion should go to the area where the problems are most acute and the prospect for recovery most remote: Sub-Saharan Africa.
According to the 2009 UN Report on the Millennium Development Goals, as of 2008, the level of aid given by the rich countries has reached £72.3 billion per annum.
Of this, only a third, £23.84 billion, is actually going to those countries where the problems are most acute and the prospect for recovery most remote.
So, the shortfall for the poorest countries can be calculated like this: