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Option 3 : Sharing of 2% of GDP by rich countries for developmental aid
The Millennium Development Goals (MDGs) are eight goals for improving the lives of the world's poorest people that have measurable targets and explicit timelines.
- The Millennium Development Goals are 8 international development goals that came out of the Millennium Summit and Declaration of 2000.
- At the United Nations Millennium Summit in 2000, leaders from 189 countries signed the historic millennium proclamation to achieve these goals and abolish poverty.
- It was based on the OECD (Organisation for Economic Development) Development Assistance Committee’s goals.
- The declaration recognised shared responsibility to protect the values of human dignity, equality and equity at the global level.
- The goals of MDG are as follows:
- Goal 1: Eradicate extreme poverty and hunger
- Goal 2: Achieve universal primary education
- Goal 3: Promote gender equality and empower women
- Goal 4: Reduce child mortality
- Goal 5: Improve maternal health
- Goal 6: Combat HIV/AIDS, malaria and other diseases
- Goal 7: Ensure environmental sustainability
- Goal 8: Develop a Global Partnership for Development
Thus, Sharing of 2% of GDP by rich countries for developmental aid was not a part of the Millennium Development Goals approved by the UN General Assembly in 2000.
- The major difference between MSG and SDG
- The Millennium Development Goals are only for developing countries, the SDGs apply to all countries, rich, medium, and poor.
- The SDGs are also owned and led by countries with each having the option to create a national framework for accomplishing the goals.
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