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International development cooperation

Overcoming poverty

Developing and emerging countries need support in overcoming poverty. For this reason, the industrialised nations engage in development cooperation, both technical and financial. There is disagreement as to how high the spending should be. Globally, an objective has been established of making 0.7 percent of the industrialised countries' gross national income available for development financing.

The international community agrees on the goals of human development. In 2000, it formulated eight Millennium Development Goals (MDGs). The most important of these is to halve extreme poverty worldwide. The goals are to be achieved by 2015, which is why the international community is now discussing the post-MDG agenda.


KfW Development Bank


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