Boris Johnson during the Prime Minister's questions session at the House of Commons in London on Wednesday. Photo: AFP
Boris Johnson during the Prime Minister's questions session at the House of Commons in London on Wednesday. Photo: AFP
Boris Johnson during the Prime Minister's questions session at the House of Commons in London on Wednesday. Photo: AFP
Boris Johnson during the Prime Minister's questions session at the House of Commons in London on Wednesday. Photo: AFP

UK foreign aid cut ‘undermined efforts to limit Covid damage abroad'


Soraya Ebrahimi
  • English
  • Arabic

British Prime Minister Boris Johnson’s move to slash the foreign aid budget undermined efforts to limit the long-term damage of the coronavirus crisis overseas, an official watchdog said.

The Independent Commission for Aid Impact on Thursday said programmes that would have eased the pandemic’s effects had been ended because of the cut.

The watchdog’s report led to new criticism of Mr Johnson's move to reduce aid spending for the world’s poorest from 0.7 per cent to 0.5 per cent of gross national income.

Commissioner Sir Hugh Bayley also urged the government to “accelerate” the supply of Covid-19 vaccines to developing countries.

“The UK’s strong initial response to the pandemic, seeking to reduce the severity and length of the crisis, mitigate its long-term damage and deliver cost-effective, long-term development efforts, has been undermined following the decision to reduce the aid spending target to 0.5 per cent of GNI," the commission's review said.

“We have seen evidence of programmes that would have mitigated the long-term damage of the crisis being reduced and good, long-term investments being ended.

“We found evidence in some cases that this had increased the burden on partner countries and other funders, potentially placing vulnerable groups at increased risk.”

“Some funders had stepped in” but the “speed of decision-making did not allow other funders to be enlisted in a considered and structured way”, the report said.

“Looking forward, the reduced aid budget and reduced autonomy for the overseas network within the new Foreign, Commonwealth and Development Office appears likely to reduce the ability of the UK aid programme to respond flexibly to the evolving pandemic.”

Liberal Democrat international development spokeswoman Layla Moran called the cut shameful.

“In our fight against Covid-19, we are not safe until we are all safe,” Ms Moran said.

“Yet by cutting the international development budget, the Conservatives have not only abandoned millions around the world, but have effectively tied one hand behind our back.

“It is shameful that, when the most vulnerable countries of the world needed support, Conservative MPs reneged on their manifesto promises and walked away.

“This report is proof of the disastrous impact the government’s decision will have on our global battle against Covid-19.”

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Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

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Ruwais timeline

1971 Abu Dhabi National Oil Company established

1980 Ruwais Housing Complex built, located 10 kilometres away from industrial plants

1982 120,000 bpd capacity Ruwais refinery complex officially inaugurated by the founder of the UAE Sheikh Zayed

1984 Second phase of Ruwais Housing Complex built. Today the 7,000-unit complex houses some 24,000 people.  

1985 The refinery is expanded with the commissioning of a 27,000 b/d hydro cracker complex

2009 Plans announced to build $1.2 billion fertilizer plant in Ruwais, producing urea

2010 Adnoc awards $10bn contracts for expansion of Ruwais refinery, to double capacity from 415,000 bpd

2014 Ruwais 261-outlet shopping mall opens

2014 Production starts at newly expanded Ruwais refinery, providing jet fuel and diesel and allowing the UAE to be self-sufficient for petrol supplies

2014 Etihad Rail begins transportation of sulphur from Shah and Habshan to Ruwais for export

2017 Aldar Academies to operate Adnoc’s schools including in Ruwais from September. Eight schools operate in total within the housing complex.

2018 Adnoc announces plans to invest $3.1 billion on upgrading its Ruwais refinery 

2018 NMC Healthcare selected to manage operations of Ruwais Hospital

2018 Adnoc announces new downstream strategy at event in Abu Dhabi on May 13

Source: The National

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

Company%20profile
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Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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SPECS
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Updated: October 20, 2021, 11:42 PM