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…
CFI Political Diary for Emerging Markets for 2012
Date Country Event January – March Egypt Parliamentary Elections January 14 Taiwan Parliamentary and Presidential Elections March 4 Russia Parliamentary
IMF on MENAP: Call for Focus on Job Creation
The near-term economic outlook for the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region has weakened. Difficult political transitions
Ithra Director Who Followed His Passion to Ignite Saudi’s Creative Economy
As comfortable in traditional Saudi attire as he is sporting a modern suit, Abdullah Alrashid is a global citizen with
