Time for the foreign aid target to go

The IEA responds to today's report by the House of Lords on foreign aid

Commenting on the House of Lords Economic Affairs Committee report on foreign aid, Professor Philip Booth, Editorial and Programme Director at the Institute of Economic Affairs, said:

"The Committee is right to criticise the government’s adoption in law of an arbitrary target for foreign aid set 40 years ago. Foreign aid has a poor record and, given this record, the government should not be increasing the aid budget in the way that it is.

"There may be a place for some aid programmes targeted at clear objectives – such as vaccination programmes. However, badly managed aid is dangerous in that it can encourage corruption and finance conflict. The House of Lords report is an excellent balanced report and a fine antidote to the ideologically-driven programme of the coalition government."

To arrange an interview with an IEA spokesperson please contact Ruth Porter, Communications Director, 07751 717 781, 020 7799 8900, rporter@iea.org.uk.

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