Why we can’t spend it how we want
BRITAIN is free to spend its aid wherever it wants – what is at issue is whether it counts towards the Government’s 0.7 per cent target.
Last year, the UK spent £13billion on aid , money which went towards the target to spend 0.7 per cent of national income on international development. But aid money only counts towards the target if it meets rules set by the Organisation for Economic Cooperation and Development.
So under current rules, any money we give to the three overseas territories cannot count towards this total. Cash is only eligible if it goes towards a country on the OECD’s list of states which are deemed poor enough.
Countries are ranked according to need, which is intended to ensure the poorest countries take priority. While some UK territories are on this list, the three affected by Irma are not.
Britain has sent £57million to Turks and Caicos, Anguilla and the British Virgin Islands. But it cannot count towards ‘official development assistance’, the name for the total eligible under the rules.