UK's Mitchell Eyes USD150M Aid Savings

U.K. Secretary of State for International Development Andrew Mitchell plans to announce “shortly” more than 100 million pounds (USD151 million) in foreign aid savings by scrapping “projects that are low priority or not performing.”

“This money will be re-allocated to programmes that are more effective in helping the world’s poorest people,” Mitchell was quoted by Sky News Online.

The Department for International Development has already cut funding for five domestic “awareness projects” worth a total of more than 500,000 pounds.

The U.K. aid agency will also let out another floor of its departmental offices, which will help to earn an annual revenue of nearly 1 million pounds, Mitchell said.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.