Skip to content
Thursday 13 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,772.67
-0.56%
DAX
26,299.74
-0.12%
CAC 40
8,650.56
-0.28%
STOXX 50
6,545.47
+0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Monday 16 May 2022 2:36 pm  |  Updated:  Monday 16 May 2022 2:49 pm

New international development plan focuses on bilateral aid and challenging ‘dependency on malign actors’

By: Jack Mendel

Add as a preferred source on Google
The Tory leadership election will come to an end, with post-Brexit reforms in the new PM's in-tray
The Tory leadership election will come to an end, with post-Brexit reforms in the new PM's in-tray

Britain has launched a new international development programme with a focus on challenging “dependency on malign actors”.

Liz Truss made the announcement with a written statement on Monday, saying the new vision would try to address “increasing global challenges”.

The plan, launched as Britain continues to oppose Russia’s war in Ukraine, also looks to “provide honest and reliable finance to help low- and middle-income countries” so they are not “burdened with unsustainable debt with strings attached”.

The UK will also look to spend more money on programmes for individual countries and bilateral programmes, reducing the need to use multilateral organisations.

The government will spend more directly through individual countries while reducing the amount channelled through multilateral organisations.

The written statement said “by 2025, the FCDO intends to spend around three-quarters of its aid budget allocated at the 2021 Spending Review bilaterally.”

Russia has used its oil and gas supply to try and oppose sanctions and restrictions, cutting off fuel to countries such as Poland, and threatening to stop selling it to Finland, over its bid to join NATO. 

Read more

Britain has an AI minister – now it needs an AI answer

Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...

Foreign Secretary Liz Truss said: “Malign actors treat economics and development as a means of control, using patronage, investment and debt as a form of economic coercion and political power. 

“We won’t mirror their malign tactics, but we will match them in our resolve to provide an alternative.

“The new strategy, launched today, will ensure that our international development work brings benefit across the globe and here at home.”

Labour’s Shadow Cabinet Minister for International Development, Preet Kaur Gill MP branded the new plan “aid for trade'” saying it “simply doesn’t work.”

“British people want the aid budget to help those most in need around the world, not horse-traded for favours to big British corporations.

“This strategy also dramatically weakens and will cut funds to the United Nations and our multilateral system. In the middle of climate change and war in Ukraine, Britain must not turn its back on the world’s poorest.”

Read more

UK inks trade deal with Switzerland – despite shouting match

UK and Switzerland officials signing a trade deal, highlighting international services agreement and bilateral cooperation

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics

Related Topics

  • UK investments
  • Ukraine

Trending Articles

  • Five-star Mayfair hotel hit with HMRC winding-up petition

  • Revolut takes flight with launch of new airport lounges

  • It’s not just Jason Arday, most of sociology is a scam

  • IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

  • Grandparents fund university degrees to avoid inheritance tax net

More from Morning Wire

  • Britain has an AI minister – now it needs an AI answer

    Opinion
    Kanishka Narayan, prominent figure in the news, engaging in a public event or discussion, showcasing leadership and influe...
  • UK inks trade deal with Switzerland – despite shouting match

    Politics
    UK and Switzerland officials signing a trade deal, highlighting international services agreement and bilateral cooperation
  • Rolls-Royce shares rise as Burnham pledges investment in British defence

    Politics
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing current political issues in Manchester.
  • HMRC claws back £1m cutting ties with outside tech suppliers

    Tech
    HMRC overcharged pensioners thousands
  • Britain needs a Marshall Plan for civic life

    Opinion
    Harry Truman, smiling in a fedora, and Winston Churchill in a bowler hat, seated together in a car.
  • AI reduces founders’ need for capital, says Revolut Business

    Tech
    Canada skyline featuring iconic skyscrapers and modern architecture against a clear blue sky
  • Ofgem data centre crackdown risks ‘driving AI investors away’ from UK

    Tech
    Sir Keir Starmer's government has prioritised investment data centres as a major pillar of its plans to boost economic growth.
  • Zilch, Clearscore among five UK scale-ups to get dedicated FCA support

    Tech
    PhilandSean ZilchCo founders discussing business strategy in an office setting, highlighting innovative leadership and tea...
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook