The G7 are willing to live up to their responsibility vis-à-vis the developing world
The outcome of the Elmau summit shows that the world's seven largest industrialised nations are willing to live up to their responsibility vis-à-vis the developing world. Many of the decisions negotiated under Germany's Presidency are concerned with development policy. The BMZ has helped draft these G7 initiatives – to help the poorest and foster a conducive environment.
The G7 are sending positive signals for the crucial UN conferences on financing for development in July, on sustainable development in September, and on a climate agreement in December. Reference is made to the commitment to provide 0.7 per cent of GDP for development cooperation, and the G7 have emphasised their special responsibility vis-à-vis the least developed countries.