DEVELOPMENT: COMMISSION REPORTS GOOD PROGRESS TOWARDS FINANCING TARGETS

摘要

The European Union is on track to meet its objectives for increasing the volume of aid going towards world development - involving an EU average of 0.39% of Gross National Income by 2006 - according to a Commission Communication to the European Parliament and Council on "Translating the Monterrey consensus into practice: the EU contribution", issued on March 5. The Communication provides an update on the implementation of the EU's commitments made at the March 2002 Barcelona European Council (see box below), and makes recommendations for future action in certain areas.