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Uk abandon Reform for aid plans, slamming world bank...

#1
Tony won't be best pleased.

Seems the soapies have applied enough pressure on the government to get them to revert Tony's policy of promoting anti-corruption reforms in return for aid.


Hillary Ben had the cheek to say the Britain had no right to tell others how to run their economy. Oh right, it's ok for us to tell them they need demoncracy, and to get rid of their leaders, but not to tell them to stop wasting our money. :roll: :roll: :roll:

The Government has threatened to withhold a £50 million contribution to the World Bank in protest at some of the controversial economic conditions it attaches to its aid for developing countries.

The decision reflects concerns long expressed by anti-poverty campaigners and non-governmental organisations - now shared by UK policy-makers - that the world’s richest nations should not be telling poor countries how to run their economic affairs.

It will also put a spotlight on the Bank's direction under its president, Paul Wolfowitz, who as the US Deputy Defence Secretary was a key architect of the Iraq war and who has focused his attention during his first 15 months in office on an anti-corruption drive that has seen the suspension of large development loans.

As i read more around it, it seems that this decision may be driven by those of a socialist persuaion who would prefer not to see economic liberalisation and free-trade (in favour of 'Fair trade', which is in essence subsidised commerce)

...when it comes to economic policy choices, in particular things like privatisation and trade liberalisation, I don’t think it’s right that we should be telling other countries what to do. The UK doesn’t do that anymore with its aid."
times
 
#2
The World Bank conditions are in place to prevent some of the widespread corruption in certain Third World Governments.

Stands to reason that our own government won't like any conditions that prevent corruption. Especially as they seem hell bent on making us a Third World nation too.

Wonder where some of the £1.3 billion of OUR money they donated to the World Bank to be given or loaned to Third World countries last year ended up?

You don't suppose some of the Labour Parties foreign benefactors were in receipt of this cash? Just a thought.

Amazing that there never seems a shortage of cash to send overseas to the EU etc does there? When it comes to paying for equipment for troops overseas it becomes suddenly tight.
 

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