Govt looking to give at LEAST half UK’s £12bn aid budget to private developers


Earlier today the SKWAWKBOX addressed the issue of the government ‘dumping’ billions of pounds of international aid, that should be helping people in need in developing countries, into World Bank accounts – to sit there indefinitely, ‘gathering dust’, in order to be able to claim that it is meeting its commitment to spend 0.7% of GDP (over £12 bn) on foreign aid.

It transpires that this is far from the only invidious use of foreign aid funds by Dfid (Dept for International Development).

dfidCDC Group plc, formerly the Commonwealth Development Corporation, is the private equity branch of Dfid. It has, among other things, supported the building of:

  • luxury apartments
  • a shopping mall
  • private schools
  • a private hospital

It has also put money into tax havens. In 2010, Private Eye Magazine published an investigation that claimed CDC had moved away from funding beneficial international developments to concentrate on profit-making projects that enriched…

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