As the Group of Eight (G8) Nations meet for the 2010 summit on Friday, it will be a significant moment in their history.
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/ 10 September 2008
Ministers from rich and poor countries met in Accra last week to discuss ways to make the system of aid more effective.
In 2005, at the Gleneagles G8 meeting, world leaders promised to increase annual aid levels by $50-billion by 2010, half of which would go to Africa. To meet this target, G8 governments would need to give just more than $1 per citizen per year. This is the equivalent of what Americans spend on nail polish each year; a quarter of what Canadians spend on video gaming.