Replacing Aid with Trade
Swaminarayan Akshardham Temple, Delfi
Modern India, boasting its own space programme spends 70 billion pounds annually in fighting poverty and no longer needs British aid. Earlier this year, finance minister Mukherjee described Britain’s eight year, 1.6 billion pounds programme as ‘a peanut’. This peanut is hard to for India to swallow and the UK is working on plans to wind down aid from the International Development Agency. Some of the 650 million pounds due to be spent over the next thirty months will be saved as Britain replaces aid with trade. It is widely thought that the UK government should not be providing millions in aid to booming countries such as Brazil, India and China.
You may have an interest in also reading…
Volume of Investments Boosting the Real Estate Sector Reflected at Largest Ever Edition of Cityscape Egypt
Egypt’s leading international property event to Feature more than 100 Exhibitors. Cairo 24th of March 2014: This April will witness one
Secure, Transparent, and Efficient: Key Words for Blockchain-Driven Smart City
Blockchain may not hold all the answers, but Aisha Bint Butti Bin Bishr – the bold tech lady of Dubai
IFC: Capital Markets Key to Development
Ending extreme poverty for good and building shared prosperity across the developing world takes money – a lot of money.
