G8 meets over "greatest economic crisis in generations"
We, the Leaders of the Group of Eight, met in Muskoka on June 25-26, 2010. Our annual summit takes place as the world begins a fragile recovery from the greatest economic crisis in generations.
2. What binds the G8 together is a shared vision that major global challenges must and can be addressed effectively through focus, commitment and transparency, and in partnership with other concerned members of the global community. The G8 has demonstrated the capacity to design credible approaches to meet the challenges of our times. For over thirty years, it has shown that its collective will can be a powerful catalyst for sustainable change and progress. At Muskoka in 2010, we are focussing on an effective agenda to address key challenges in development, international peace and security, and environmental protection.
3. This economic crisis exposed and exacerbated vulnerabilities already embedded in integrated global economies, development efforts, and collective security. Progress is being made, through the work of the G20, towards the sustainable recovery of our global economic and financial system. For development, a decade of policy commitments and joint efforts with our partners has brought significant progress towards the Millennium Development Goals (MDGs), but both developed and developing countries must do more; meanwhile, the crisis has jeopardized advancement toward meeting some of the 2015 targets. Renewed mutual commitments are required. We must also ensure that the proliferation of weapons of mass destruction, terrorism and organized crime, as well as many other challenges faced by states to address their security vulnerabilities, including climate change, remain at the forefront of public policy. We, the G8, are determined to exercise leadership and meet our obligations.
4. Moreover, and beginning at the 2008 Hokkaido Toyako Summit, we have recognized the importance of demonstrating that the G8 is committed to reporting transparently and consistently on the implementation of its commitments. In 2009 at the L’Aquila Summit, we tasked senior officials to report on the implementation of our development and development-related commitments with a focus on results. We welcome the Muskoka Accountability Report: Assessing action and results against development-related commitments and will ensure follow up on its conclusions and recommendations. It shows that important progress has been made in many areas, but more needs to be done. We emphasize the importance of regular reports on the progress made in implementing our commitments and in this regard will focus the Accountability reporting in 2011 on health and food security.
5. As recovery takes hold, we are at an important crossroads where nascent hope and optimism must be channelled into building more secure, equitable, inclusive and sustainable societies globally, where greater attention is paid to improving and effectively assessing the well-being of people.
6. Support for development, based on mutual responsibility, and a strong partnership with developing countries, particularly in Africa, remains a cornerstone of the G8’s approach. We will pursue our comprehensive approach to development aiming at sustainable outcomes. We reaffirm our commitments, including on ODA and enhancing aid effectiveness. We call on developing country governments to meet their primary responsibilities for social and economic development and good governance, in the interests of their citizens. Since the most vulnerable states have made the least progress towards the MDGs, we will place special emphasis on helping them build the foundations for peace, security and sustainable development.