Global Investing

BRICS: future aid superpowers?

March 26, 2012

Britain’s aid programme for India hit the headlines this year, when New Delhi, much to the fury of the Daily Mail, described Britain’s £200 million annual aid to it as peanuts. Whether it makes sense to send money to a fast-growing emerging power that spends billions of dollars on arms is up for debate but few know that India has been boosting its own aid programme for other poor nations.  A report released today by NGO Global Health Strategies Initiatives (GHSi) finds that India’s foreign assistance grew 10.8 percent annually between 2005 and 2010.

Give and take in Switzerland

By Reuters Staff
December 11, 2008

Switzerland prides itself for being a reasonably generous country. Each year it gives 1.2 billion Swiss francs, or about 0.4 percent of its gross domestic product, in aid to poorer countries, a higher portion of aid than larger states such as Britain.