£3bn threat to overseas aid
BRITAIN is set to cut off up to £3billion of aid to international agencies like the United Nations and World Bank unless they can prove it is spent wisely.
International Development Secretary Andrew Mitchell has launched a review of the spending, which made up £2.3billion of its £5.5billion budget last year, as part of the Government’s cuts.
More than 30 international and foreign agencies will be subjected to the same tough tests facing Whitehall departments. Those that fail to get cash to the frontline or deliver recognisable benefits to the poor or needy will see their handouts slashed or axed.
The ‘Multilateral Aid Review’ will begin immediately. The coalition has agreed to ringfence the DfID budget, but Mr Mitchell said: ‘We have to make sure we get 100 pence of value for every pound we spend.’