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Published 14 days ago

UK Foreign Aid Invested in Social Media Platforms and Cosmetics Company

Summary by The Epoch Times
The government’s foreign aid investment body has been criticised for giving £6.4 million in taxpayers’ money—meant to reduce poverty—to a fund in India that invested in three social media platforms, a cosmetics company, and a debt collector. The Independent Commission for Aid Impact’s (ACAI’s) report published Thursday said these investments had “questionable links to poverty reduction.” The ACAI’s chief commissioner Tamsyn Barton, who headed th…

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The Epoch TimesThe Epoch Times

UK Foreign Aid Invested in Social Media Platforms and Cosmetics Company

The government’s foreign aid investment body has been criticised for giving £6.4 million in taxpayers’ money—meant to reduce poverty—to a fund in India that invested in three social media platforms, a cosmetics company, and a debt collector. The Independent Commission for Aid Impact’s (ACAI’s) report published Thursday said these investments had “questionable links to poverty reduction.” The ACAI’s chief commissioner Tamsyn Barton, who headed th…

14 days ago·New York, United States
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The CanaryThe Canary

More questions over WHY UK aid is going to cosmetics and social media companies in India

On Thursday 18 April the Independent Commission for Aid Impact (ICAI) has released its follow-up review on UK aid to India. ICAI’s review raises questions over some investments made by the UK’s development finance institution British International Investment (BII), including in social media sites and a cosmetics company. UK aid: financing a cosmetics company in India As the Canary previously reported, BII was originally set up in 1948. Now, as t…

14 days ago
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