Importance of foreign aid programme

Aid spending is targeted at improving the lives of people around the world. This includes tackling global diseases, humanitarian assistance, eliminating poverty, reducing the impact of climate change and making progress towards the United Nations’ Sustainable Development Goals. In addition, many believe aid spending improves the global standing of the UK and builds better trade links. The Government has recently been criticised for announcing a reduction in aid spending.

Importance of foreign aid programme

Reduction in the UK’s 0.7 percent ODA target

In the 2020 spending review, the Government cut aid spending from a target of 0.7% of gross national income (GNI) to 0.5%. Ministers said the UK would spend £10 billion on overseas development assistance (ODA) in 2021–22, this compares with £14.5 billion in 2020. The decision has been controversial, with several politicians and aid organisations expressing concerns about the impact of the reduction.

Reduction in the UK’s 0.7 percent ODA target

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