ACP countries fear Europe may abandon aid pledges in wake of crisis

A meeting of European Union parliamentarians and their counterparts in African, Caribbean and Pacific (ACP) countries has called on European and other developed countries not to let the global crisis hit development aid budgets.

As the ongoing financial turbulence causes European governments to turn attention inward, development aid budgets could be first in the firing line, they fear, and if developed countries such as Iceland or Hungary are hit hard, the global south will be hit that ...