New investments from the International Finance Corporation (IFC), the World Bank’s private-sector investment arm, may perpetuate economic inequality rather than alleviate poverty in Myanmar, critics here are warning. The IFC has proposed five new investment projects for Myanmar (also known as Burma). But the U.S. Campaign for Burma, a rights group here, is calling on the multilateral funder to slow down these projects and analyse their potential social effects.
In the biggest savings measure in this year's budget, the Australian Government is cutting the country's foreign aid spending by $7.6 billion over the next five years. The Abbott Government says Australia's aid budget will be spent where it can make the most difference. There has been an increase to aid to Papua New Guinea in return for hosting the Manus Island immigration processing centre.
The United States urged Democratic Republic of Congo on Sunday to stick to its constitution that sets terms limits for the president, as speculation grows that Joseph Kabila may seek a third term. Highlighting an issue that exists in several African countries where leaders have sought to extend their rule beyond constitutional limits, U.S. Secretary of State John Kerry pledged $30 million in aid aimed in part at ensuring "credible" elections in 2016.
Applying the principles of accountability and country ownership to our aid programs will help poor countries to take responsibility for their own development, and will help citizens of our own country to feel confident that their taxpayer dollars are being well spent.
A little-noticed provision in a bill passed by the House this month calls for relying more on U.S.-flagged ships to deliver food aid to foreign countries—a change backed by labor groups and criticized by the White House.
Yesterday saw the announcement that foreign aid has defied economic and political gravity and reached a record high of $135bn in 2013. The news came as I headed off for a fascinating discussion on reforming the aid system at the ODI.
U.S. President Barack Obama on Friday praised Tunisia as the poster child of the Arab Spring, as Washington unveiled $500 million in new assistance to help revive the North Africa nation’s faltering economy as it continues its march toward democracy.
An Ethiopian man is suing Britain's government alleging its aid money has funded human rights abuses. The man, known only as Mr O, accuses Britain's Department for International Development (DFID) of financially supporting a "villagisation" scheme in western Ethiopia, a government-led plan to settle pastoralists in sedentary communities, according to the AFP news agency.