The United Kingdom was an aid powerhouse in the previous decade, but its influence in the global development sphere has diminished in the last four years, following a government decision to reduce aid spending.
A recent report warns about another potential cut, where the effective aid budget – money spent abroad — could dip down further to 0.36% of gross national income — the lowest in 17 years.
Last month, the U.K.’s lead aid agency, the Foreign, Commonwealth & Development Office, published its second commercial pipeline of the year, providing a look into its future priorities and planned procurements.