During the downturn, many small states' exports to the developed world were adversely affected by a lower demand for their goods and services caused by falling incomes and worsening expectations. As times became tougher in developed countries, many migrants lost their jobs and this translated into lower volumes of remittances per head. While aid budgets were already offtrack, and many countries contributed less than 0.7 per cent of GNI, the target agreed in the Monterrey Consensus, the financial global crisis exacerbated the problem.