Ahead of UN General Assembly’s high‐level summit on the economic crisis on June 24‐26, UN Millennium Campaign says new analysis indicates that finding money for aid is a matter of political will – not lack of resources – and calls on donors to finally meet their aid commitments

June 23, 2009 – The United Nations Millennium Campaign today released an analysis showing that since the inception of aid (overseas development assistance) almost 50 years ago, donor countries have given some $ 2 trillion in aid. And yet over the past year, $18 trillion has been found globally to bail out banks and other financial institutions. The amount of total aid over the past 49 years represents just eleven percent of the money found for financial institutions in one year. The UN Millennium Campaign is urgently calling on rich countries gathering at this week’s high‐level summit on the economic crisis to make no further excuses that they lack resources and to urgently deliver on their aid commitments.