UK aid ‘fuelling corporate take-over of Africa’

13 June 2016 - 3:15pm
Press release

Speaking ahead of today's (13 June) parliamentary debate on 'UK foreign aid spending',  Vicki Hird, Campaigns and Policy Director at War on Want, said:

"DFID’s mission is to eradicate poverty, yet taxpayers' money is being used to promote the interests of multinational companies in Africa, rather than fighting poverty and inequality.

"For too long, we have seen the UK’s aid budget slip into the coffers of multinationals, helping to secure the corporate take-over of land and water resources in Africa at the expense of people and the planet. It’s time DFID used the aid budget to support small-scale farming, rather than boosting the profits of big business.

"One of the biggest barriers to tackling poverty and inequality is corporate tax dodging, which robs developing countries of billions of dollars each year. Rather than waste millions of pounds from the UK's aid budget on encouraging privatisation in the developing world, the government should get serious about tackling tax evasion and avoidance by UK based companies.  

"It’s time the government abolished the UK’s own global network of tax havens, which fuel secrecy and corruption, and pushed for public country by country reporting to tackle the lack of transparency in the global financial system."

 

Notes to editors

For more information or interviews, contact Ross Hemingway on +44 7983 550728

G8 New Alliance condemned as new wave of colonialism in Africa

DfID to pump £735m into investment arm for private sector projects

UK development finance arm accused of bankrolling 'agro-colonialism' in Congo

 

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