Evian-les-Bains, June 16 -- The G7 leaders have called for a major reform of the international development cooperation system, stressing the need for "mutually beneficial partnerships" that reduce dependency on aid, strengthen the economic sovereignty of partner countries and mobilise greater private investment for development.

In a joint declaration adopted at the G7 Summit, the leaders reaffirmed their commitment to international cooperation on development and investment finance as a driver of shared prosperity, while acknowledging that the current development architecture requires significant reforms to address emerging global challenges. Kenya and the Republic of Korea also supported the declaration.

The leaders said that while trad...