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…
Philippe Le Houérou, CEO of IFC: Redefining Development Finance
Complementing – and driving – World Bank President Jim Kim’s vision to transform the multilateral financier into an “honest broker”
UN Downgrades Economic Forecasts for 2013/14
World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, according
Driving Change: Empowering Inclusion and Innovation at Boursa Kuwait
At Boursa Kuwait, inclusion, diversity, and innovation drive the mission to transform Kuwait’s capital markets into a platform for opportunity,
