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2005 Gleneagles Summit Analytical Studies

Official Documents

Gleneagles Performance:
Money Mobilized

John Kirton, Courtney Brady and Janel Smith
G8 Research Group
July 8, 2005

Gleneagles 2005Sea Island 2004DefinitionSources

Total new money mobilized at the Gleneagles Summit: US$204.7 billion

Cumulative

Amount

Description

Country

Date and Source

$3.5 million

£500,000
£1 million
£500,00
$3.5 million

Climate Change in Africa
Forestry biodiversity
Legal timber procurement

UK

2005/03/18
G8 Environment and Development Ministers

$1.2035 billion

$1.2 billion

Doubling of aid to Africa
(to 1.6 B over next 3 years) (800 million x 3 divided by 2)

Japan

2005/04/22
Asian-Africa Ministerial Meeting

$101.2035 billion

$ 100 billion

Doubling of foreign aid (with German conditions) 40 B to 80 B/year, or to 0.56% by 2010 and 0.7% by 2015 (40 billion x 5 divided by 2)

EU

2005/05/26
Christian Science Monitor

$156.2035 billion

$55 billion

HIPC debt relief

 

2005/06/11

BBC World News

$156.2088 billion

£3 million
$5.3 million

ODA to Malawi

UK Scotland

2005/06/19
Sunday Times of Scotland

$173.2085 billion

$17 billion

Debt relief for Nigeria

Paris Club

2005/06/30
BBC

$183.9585 billion

$10.75 billion

Doubling of aid to Africa (from 2004 levels) Increasing to 8.6 B by 2010 (4.3 billion x 5 divided by 2)

US

2005/07/04
Washington Post

$184.9585 billion

$1 billion

Aid for trading capacity of developing countries

EU

2005/07/06
Briefing by EU Pres. Barroso

$193.9585 billion

$9 billion

Palestinian Authority
(up to $3 billion per year over 3 years)

World Bank

2005/08/09
Statement on Middle East Peace Process

$203.9585

$10 billion

ODA
(increased in aggregate over the next 5 years)

Japan

2005/08/09
Statement on Africa

$204.7085

$750 million

HIPC-debt relief on non-ODA loans

Russia

2005/08/09
Statement on Africa

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Sea Island 2004

June 8-10, 2004

Total new money mobilized at the Sea Island Summit: US$1.25 billion

$75 million

$70-75 million

Polio

EU

2004/06/08
Atlanta Journal Constitution

$180 million

$105 million

Polio Eradication Initiative

US

2004/06/08
Press briefing with Jim Wilkinson

$190 million

$10 million

Education

Japan

2004/06/05
Yomuri Shimbun

$850 million

$660 million

Global Peace Operations Initiative (GPOI) over next four years

US

2004/06/09
Inter Press Service News Agency

$1.15 billion
($1151 million)

$301 million
($250 million)

Peace Support Building in Africa

EU

Briefing Official

$1.25 billion

$100 million

Commitment to establish a broader Middle East and North Africa Private Enterprise Development Facility

 

2004/06/09

Likely

 

 

 

 

 

$1 billion

Top-up of HIPC bilateral debts

 

2004/06/08
Guardian

 

$13.2 billion

100% multilateral debt write-off at $1 billion/year until 2015 MDGs

 

2004/06/08
Guardian

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Money Mobilized Defined

July 5, 2005

The annual general summit can be considered a great global fundraiser, mobilizing money beyond that already committed or that would otherwise be committed to address global public goods. To identify the new and annual amounts of money mobilized requires an estimate of two major dimensions.

1. The amount of new money mobilized caused by and that can be reasonably attributed to the G8 summit and process before, during and immediately after the event (G8 causality.

2. The amount of money mobilized, expressed in a common metric of nominal U.S. dollars at the prevailing exchange rate at the time of the actual summit.

As G8 summits have causal effects before, during and immediately after they take place, assessments of the power of the G8 summit to mobilize new and additional money can be assessed by:

a. Monies formally recorded and the docs released by and at the summit (eliminating those that are merely restatements of existing commitments made at previous summits or elsewhere unless these are confirmation of earlier commitments caused by the summit — see below).

b. Announcements by individual leaders at the summit of the new and additional monies that they or their partners will raise and are thus committed to.

c. New and additional monies announced at G8 ministerial and other G8 meetings in the leadup to the summit with an emphasis on those meetings taking place temporally closest to the summit and particularly the finance and foreign ministers meetings deliberated scheduled and tasked to prepare for the summit itself.

d. For announcements made by individual G8 leaders in their national capitals or in other international contexts, including non-G8 ones about monies they are committing to the priority issues for the forthcoming summit, especially as these issues have been identified by the host.

e. Process-tracing evidence includes statements by the leaders, ministers or officials that they are committing these new and additional monies in order to meet the priority objectives of the summit, in order to meet specific summit commitments, in order to follow or inspire other G8, or in order to make the summit a success. Even more important are data from press reports and interview research indicating that the summit forthcoming present or past was the direct cause of the new money being mobilized by the summit regardless of the particular calculus or causal logic employed by the country representative whose commitment it is.

Included is money committed by multilateral institutions such as the IMF and the World Bank, especially if these institutions are controlled in their voting share and budgets by the members of the G8.

"New Money Promised" is a clear new commitment made at the summit to mobilize additional new monies for a stated purpose.

"New Money Likely" is recognition that new money is needed for a particular purpose and that the G8 accepts its responsibility to provide at least some of the money. This category suggests that more money from the G8 is likely to, or will probably come.

Rationale for amounts recorded in the instance of the doubling of foreign aid: When accounting for declarations announcing the doubling of foreign aid, the amount indicated was achieved by doubling current aid figures then multiplying by the number of years over which the sum will be increased until it has been doubled. This product is then divided by two as a precaution; the sum is reduced to take into account the increases in aid before the sum has actually been doubled, in addition to conditions that may be placed upon increases in aid, as in the case of Germany.

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Sources:

Development Assistance Increasing. OECD- Paris, 8 July 05

G8 Environment and Development Ministers Agree Action on Illegal Logging and Put Climate Change in Africa on Agenda for G8 Heads. Derby- 18 March, 2005. http://www.g8.utoronto.ca/environment/env_dev050318.htm.

Japanese PM apologizes over war. BBC News- 22 April, 2005. http://news.bbc.co.uk/1/hi/world/asia-pacific/4471495.stm.

Mark Rice- Oxley, "Europe OKs doubling of foreign aid" Christian Science Monitor- May 26, 2005. http://www.csmonitor.com/2005/0526/p07s03-woeu.html.

"Cautious welcome for G8 debt deal" BBC News- 12 June, 2005. http://news.bbc.co.uk/1/hi/business/4084574.stm.

Mabvuto Banda, "Malawi is not alright" The Sunday Times- Scotland- 19 June, 2005. http://www.timesonline.co.uk/article/0,,2090-1657672,00.html.

"Nigeria to get $18bn in debt relief" BBC News- 30 June, 2005. http://news.bbc.co.uk/1/hi/business/4637395.stm.

George Gedda, "White House plans to double Africa aid" Los Angeles Times- 4 July, 2005.

Briefing by EU President Barroso. Gleneagles- 6 July, 2005.

Statement on Middle East Peace Process, Gleneagles- 8 July, 2005.

Statement on Africa, Gleneagles- 8 July, 2005.

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