Ten years after the launch of the MDGs and five years before their target date of 2015, many of the goals - especially those on child and maternal health - are not on track, and the summit is seen as the last chance to re-energise the process at a time of austerity. The European Union is represented at the talks by José Manuel Barroso, the president of the European Commission, and Andris Piebalgs, the European commissioner for development.
Barroso announced during his ‘State of the Union' speech to MEPs on 7 September that he would seek an additional €1 billion in development aid to meet the MDGs. The additional aid would come from unallocated funds from the European Development Fund (EDF). The approval of EU member states is required for any such allocation. The funds would go to those developing countries that are most committed to meeting their targets, and priority would be given to the MDGs that are lagging behind.
http://www.europeanvoice.com/article/2010/09/poverty-summit-starts-in-new-york/68921.aspx