The United Kingdom is set to launch a new aid strategy tomorrow — and it feels like it’s doubling down on government cuts by focusing instead on “mobilizing” private sector money.
The government will argue that aid budgets will never be able to provide enough money to stamp out extreme poverty, Devex U.K. Correspondent Rob Merrick understands. It will lean on the U.K.’s financial sector, particularly insurance companies, to fill the gap. Devex Pro members get exclusive access to Rob’s report for much more detail on what to expect from tomorrow’s announcement.
Also, tomorrow the U.K. is hosting a Global Food Security Summit — although it’s not completely clear what’s going to come out of it.