We are talking about an international promise made in 1969 and supported by the UN. In 2005, all the parties in Canada's Parliament voted in favour of reaching that goal, but they failed to set a deadline.
So, it's a matter of increasing assistance in every possible way. We feel that this increase of 8% in funding, which represents about $500 million a year, could help Canada reach the 0.7% target.
Currently, Canada is the second to last G7 country in terms of total donations; only Italy donates less than Canada. At this time, Canada donates the equivalent of 0.33% of its GNI; the United Kingdom donates 0.56%. Despite their size, countries such as Spain and the Netherlands donate more money than Canada.
Therefore, I think that reaching the target is possible.