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…

Gavin Wilson, CEO IFC AMC: Mobilising Private Capital for Sustainable Development

Building and upgrading the infrastructure to underpin sustainable development in emerging markets and elsewhere requires additional investments estimated at around

World Exchanges Agree Enhanced Sustainability Guidance

Guidance is culmination of year-long project by WFE’s Sustainability Working Group WFE sets out ‘material ESG metrics’ to include in

Strategy&: Gaining a Competitive Edge in Africa

Worldwide, companies have begun to make expansion across Africa a priority, recognising that – despite many problems – the continent