With respect to Canada, the February 22 1994 budget stated that the resources of the International Assistance Envelope would be reduced by 2% in 1994-1995 - an amount totalling CDN$262 million. In addition, Finance Minister Paul Martin stated that the budget would include a freeze on aid spending for an additional two years. The cuts took Canada to 4.0% of GNP. As with other industrial countries, Canada's reasoning for development assistance cuts was due primarily to continued financial constraints arising from the country's difficult economic situation. (Dept. of Finance Estimates, ODA, 1994-95; 4) Despite these figures, however, the Canadian government continues to pledge to meet the UN target of 0.7% of GNP for official development assistance.
Similar to the environment, development commitments made at Naples were significantly fewer and less tangible than those from previous years. Although promising to "enhance development assistance" in LDCs, aid packages from all G7 countries declined significantly from 1992-93, as none of the G7 have been able to reach the 0.7% target of GNP for ODA.
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