With a federal election looming, the government followed up on prime minister Scott Morrison’s threat not to “tip money into that big climate fund.” A budget document said Australia made its “final” contribution of $19.2m in December.
The heads of the Asian Development Bank (ADB) and the
Asian Infrastructure Investment Bank (AIIB) have signed a framework agreement that will guide their cofinancing operations in the future.
Resisting pressure from Washington and Brussels, Italy joined China’s controversial Belt and Road Initiative. The MoU is non-binding. But by opening the door to greater Sino-Italian cooperation, it threatens to deepen rifts between Rome and its traditional allies
The Rockefeller Foundation is to end funding for the 100 Resilient Cities programme, the largest privately funded climate adaptation initiative in the US.
- Failed Aid: Millions of pounds of foreign aid cash spent through the Government’s private finance arm ‘is failing to reach world’s poorest’
DfID invested £1.8 billion of taxpayers’ money in the CDC Group between 2015 and 2018.The ICAI said the CDC Group failed to do enough to maximise the impact of its spending and it had “not done enough to secure or monitor development gains.”
DFID has already sent more than 50 staff to other government departments in preparation for a no-deal Brexit and could deploy another 170. Departments less directly involved in Brexit have been asked to second staff to those departments struggling to cope with the additional workload.
“Violence, climate change and lack of economic opportunity are driving migration from El Salvador, Guatemala and Honduras,” says Sarah Bermeo, an associate professor at Duke University’s Sanford School of Public Policy. She argues that the US can combat these drivers using foreign aid.
The United States is halting humanitarian funding to Guatemala, Honduras and El Salvador, in reaction to migration from the region, despite warnings that cutting aid will only exacerbate the problem.
US Secretary of State Mike Pompeo on Tuesday announced that the US had expanded its restriction on foreign aid for non-governmental organizations that support abortions or work with groups that help women access the medical service.
A report analysing progress for 93 environment indicators finds that “good progress” has been made for 23% of these indicators, and that it is “likely” that these targets will be met if the current trends persist.
The Red Cross said Friday it had received permission from Venezuela’s government and opposition to roll out one of the organization’s biggest global relief campaigns, signalling a possible easing in the dire humanitarian emergency gripping the country.
The newly announced fund would aim to mobilise Islamic giving, including philanthropic and Zakat resources, towards humanitarian and resilience development programmes that ensure the well-being of children in IsDB member countries.