• Sunday, May 22, 2022

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Report: UK aid fund for India lacks transparency

The fund was set up to reduce poverty

By: Eastern Eye Staff

A UK government aid fund set up to reduce poverty and create overseas business opportunities in middle-income developing countries like India lacks transparency, an independent watchdog warned on Tuesday (7). The UK’s Independent Commission for Aid Impact (ICAI) warned of “serious risks” about the effectiveness of the £1.3 billion Prosperity Fund for India, China, Mexico, Indonesia and Brazil. “The review calls on the government to look again at the planned rate of expenditure, including considering extending the time period over which the £1.3 billion is due to be spent. It also calls on the fund to improve its transparency, saying…

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