We call on the developed countries to increase their international development assistance to low-income countries, take real actions to implement the Monterrey Consensus, and meet the United Nations’ 0.7 percent ODA/GNP target as soon as possible.
In 2009 we also extended the maturity of our longer-term refinancing operations to up to one year. As rightly emphasised in your draft Resolution on the ECB’s Annual Report, this “enhanced credit support” has been successful in avoiding additional dysfunctional financial tensions which would have led to a depression or an even deeper recession.