Finance

Belgium will dedicate 50% of its development aid to least developed countries

Wednesday, 30 September 2015 18:28

The Belgian Prime Minister Charles Michel announced on 27th September that his country would apportion one half of its public development aid (APD) to least developed countries (LDC).

“Belgium also commits – through its development aid – to support other countries in the fulfilment of this new agenda (the new sustainable development goals for 2030)”, he declared at the UN. “A special attention will be given to least advanced countries. We have taken the decision to direct 50% of this development aid to these countries”, Mr. Michel added.

He also pleaded for the mobilisation of a “broad spectrum of resources” to promote development. “There is indeed a need to ensure the mobilisation of internal resources as well as their efficient use. They must be invested in education, social protection basis and universal health systems”, stressed the Belgian head of government.

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