EU proposes common approach to financing poverty eradication and sustainable development
The European Commission has today adopted a Communication to propose key principles for financing poverty eradication and sustainable development after 2015, when the target date of the current Millennium Development Goals (MDGs), is reached.
Although the emphasis of the Communication is on developing countries, its approach can be universally applicable, with principles to which every citizen could relate to. Welcoming the Communication, Development Commissioner, Andris Piebalgs said: "This is another big step towards putting in place the future post-2015 framework. In order to make progress in policy, we need to use all available resources and look at new, innovative and reliable ways to fund poverty eradication and achieve long term, sustainable development."