Release of audit raises huge questions over $2 billion loans to Mozambique
A condition of Credit Suisse to get the loans signed off by the Bank of Mozambique was dropped in order for the loans to be given Credit Suisse and VTB…
DfID
Proposal for UK aid money to be used to promote western exports
The UK’s Department for International Development is considering using aid money to subsidise lower interest rates for export credits for some low income countries. Export credits are government backed loans…
Public-private partnerships in Uganda cost the country dearly
Read our 6-page briefing in full: ‘Public-private partnerships and the financial cost to governments: Case study on the power sector in Uganda’ Privatisation of the Ugandan electricity sector, initiated in…
MPs are wrong to call for more aid to be ‘given’ as loans
Our response to the International Development Select Committee's report on the future of aid.
What the UK could do now to bring in a Jubilee for Justice
Over 10,000 people have signed our petition for a Jubilee for Justice calling for: Cancellation of the unjust debts of the most indebted nations Promotion of just and progressive taxation…
UK government to give ‘aid’ as loans
Bilateral lending to come on top of aid already given as loans through the World Bank and others.
Whose Development Is It?
A highly profitable aluminium factory in Mozambique is paying just 1 per cent tax, despite half of the smelter being funded by foreign government’s to help ‘develop’ the country. A…
UK development fund implicated in money-laundering investigation
Campaigners slam Government's development approach as DfID-backed private equity fund comes under criminal investigation in Nigeria.
Ministers planning to massage aid figures when cancelling unjust debt
UK ministers are planning to use cancellation of a made-up debt to help meet their overseas aid target. Sudan currently ‘owes’ £678 million ($1bn) to the UK, and might qualify…