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Mixed progress on improving aid quality, but half of aid contracts still go back to rich country firms

Friday November 4 2016 RICH countries need to come clean about how much aid money they plan to use to subsidise their own companies. A ‘Progress Report’ published last night (November 3) by the Global Partnership for Effective Development Co-operation (GPEDC) states that nearly half of the aid money used to procure goods and services still goes back to suppliers in their own country – a practice known as ‘tied aid’. The practice continues even though Global Partnership figures ...