The Times (paywall) reports (is Murdoch turning the screw to remind Theresa May not to hinder his Sky bid?) that the Tories have been ‘dumping’ billions of pounds in aid into shady World Bank funds, to sit there unused indefinitely – in order to keep up the appearance of meeting the government’s commitment to donating 0.7% of the UK’s GDP (gross domestic product, a rough measure of the nation’s ‘income’) in foreign aid.
According to the Times, at least £9 billion has been transferred like this over the past 5 years. Rather than helping developing countries, the money, which is spread across over 200 different bank accounts, simply sits there – doing nothing except rack up World Bank ‘administration fees’.
International Development Secretary Priti Patel’s only qualification for her job appears to be the fact that she had previously wanted to get rid of it and the funding it oversees. This seems…
View original post 333 more words