Official Development Assistance (ODA) should increase and be better spent. Most rich countries have committed to spend 0.7% of Gross National Income (GNI) on ODA. Yet, the majority of the countries have still not fulfilled this promise.
Eradicating poverty requires sufficient finance, spent the right way. Rich countries have to live up to their Official Development Assistance (ODA) pledges. Yet, ODA money, even if current rates of commitment are met, will not be enough to eradicate poverty in the face of climate change and other global challenges. New sources of revenue additional to ODA are needed.