Britain launches new fund

Published July 14, 2006

LONDON, July 13: Britain on Thursday launched a 100-million-pound ($184-million) fund to fight corruption in the developing world and pledged to boost spending on health and education there.

The announcement was part of a government strategy to meet the challenges addressed at a Group of Eight (G8) summit last year to fight poverty in Africa.

And it came as Prime Minister Tony Blair prepared to jet out to Russia for this year's annual summit of leading world powers.

Fleshing out the details, International Development Secretary Hilary Benn said the new fund would help promote good governance and transparency.

“Aid works -- it saves lives and supports economic growth,” he said.

“But long-term progress in the fight against poverty will only be achieved through effective government, and by people with the voice and confidence to hold their governments to account,” Benn said in a statement.

The government also plans to double its spending on education in the developing world to more than one billion pounds a year.—AFP

Opinion

Editorial

Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...
Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....