The Government believes that even in these difficult economic times, the UK has a moral responsibility to help the poorest people in the world. We are honouring our aid commitments, but at the same time are ensuring much greater transparency and scrutiny of aid spending to deliver value for money for British taxpayers and to maximise the impact of our aid budget.
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We will honour our commitment to spend 0.7 per cent of GNI on overseas aid from 2013, and to enshrine this commitment in law.
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We are encouraging other countries to fulfil their aid commitments.
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We are supporting actions to achieve the Millennium Development Goals.
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We are introducing full transparency in aid and will publish details of all UK aid spending online.
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We will stick to the rules laid down by the OECD about what spending counts as aid.
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We will work to accelerate the process of relieving Heavily Indebted Poor Countries of their debt.
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We will support efforts to establish an International Arms Trade Treaty to limit the sales of arms to dangerous regimes.
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We will support pro-development trade deals, including the proposed Pan-African Free Trade Area.
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We will support reform of global financial institutions such as the World Bank and the International Monetary Fund in order to increase the involvement of developing nations.