Financial Times: U.K. aid budget set for ‘big shift’ towards City funding for poorer countries
“The U.K.’s £13.9bn aid budget is set for its biggest overhaul in years, with plans to use development spending to push British exporters and pension funds to invest in poorer parts of Africa and Asia. … Under the new strategy set out by [International Development Secretary Penny Mordaunt], DFID would seek to justify the growing aid budget by ensuring that spending benefits the British economy. … Ms. Mordaunt … also called for DFID to be ‘much more collaborative’…” (Mance, 4/11).