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…
A Passion for Inclusivity and the Arts: Meet the Chief Exec of an Islamic Bank
Mufaddal Idris Khumri, CEO and managing director of the Maldives Islamic Bank, has deep expertise in the sector… Mufaddal Idris
Keeping the Flame of Fascination Alive
Getting inside Emad Shahin’s work ethic at Ethra Invest The dynamic nature of the business world is of continual fascination
Asian Development Bank: Pathways to Transform Food Systems in Asia-Pacific Region
In the Asia and Pacific region, where the highest number of people face acute food insecurity, rice prices soared by
