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Rishi Sink on fire due to ‘plan to recycle billions from IMF as aid money’

رشی سنک۔ It has been criticized for saving billions of pounds from the International Monetary Fund through “recycling”.IMFDividends as relief expenses.

Campaigners believe the chancellor is preparing to use most of the windfall. Overseas Aid The budget is not above that.

The government has decided to cut aid spending from 0.7% to 0.5% this year, a move widely condemned and met with a revolt by conservative lawmakers.

The UK has received 19 19 billion from the IMF’s Special Drawing Rights (SDR) to make poor countries sick with the corona virus.

Other countries are spending their money from the fund in addition to the current budget, but. Guardian Mr Sink is said to be sticking to an internationally agreed principle that allows 30 per cent of IMF loans to be counted as aid.

Romley Greenhill, UK director of the One Campaign Against Poverty, said she expects the government to recycle about 75 per cent of its SDR payments, saving بل 5 billion in the coming years.

He appealed to Mr Sink to use the October 27 review of his spending to change course, adding: Considering counting.

“Because of the way the SDR works, the money comes to the UK taxpayer at barely any cost. It is literally taking charity from people in need.

Two former Conservative international development secretaries have called on the chancellor to reconsider.

Andrew Mitchell, who also led the Tory uprising against aid cuts, said the move would “have a devastating effect on humanitarian grounds that the British people care about and send a terrible message about the UK to the world.” ۔

In his 2012-16 role, Justin Greening said: “The UK has already reduced its aid spending from 0.7 per cent to 0.5 per cent of gross national income. If we want to be a truly global UK, we need to The focus should be on maximizing the impact of what’s left.

“It will be effective in further reducing aid investments in a way that saves lives and stabilizes fragile states.”

Leila Moran, a Liberal Democrat foreign affairs spokeswoman, accused the government of sending a “completely wrong message” ahead of the Cop26 Climate Summit in Glasgow.

“This Conservative government has dealt another blow to Britain’s global reputation by recycling aid money to help the world’s poorest people,” he said.

The Treasury did not deny the plans, and a government spokesman said: “The UK is one of the leading international donors and this year we have pledged 10 10 billion to reduce poverty, climate change and protect global health. Excess amount provided.

When the financial situation allows, we will return to the 0.7% target.

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