Media Contact:Laura Blank
CANNES, France, 2 November 2011 — A great deal of the discussion about development leading up to the G20 Summit has been focused on innovation in financing and programming. While we appreciate the great work the Gates Foundation has done to bring needed attention and investment to food security and maternal and child health, what we need most is for the G20 countries to spend the money they promised to spend.
There is no doubt that innovation will improve our ability to meet global poverty reduction commitments, but innovative financing would make more sense if the G20 were already doing their part.
Through the L’Aquila process for food security, several countries — some of which are G20 countries — have committed $22 billion and only about a quarter of that money has been spent so far. They’ve promised more for health through the Muskoka Initiative and the UN’s fund for Every Woman Every Child.
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