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…
Asian Development Bank: Three Actions Governments Can Take to Help to Tackle Climate Adaptation
Impacts of climate change are causing significant economic and social challenges, and there is an urgent need for good fiscal
Deem Finance: Driving Financial Inclusion and Digital Transformation in the UAE
Deem Finance has established itself as one of the UAE’s most progressive non-bank financial institutions — redefining inclusion and innovation
China’s Silver Bullet: How ‘Silver Trains’ Could Boost the Economy
As the world’s most populous nation confronts an ageing demographic and navigates economic headwinds, including trade tensions with the US,
