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The UK is in an influential and important position to influence development outcomes across the world. It remains the only country to meet both the targets to spend 0.7 percent of its national income on overseas aid and 2 percent on defence. It is also the largest “multilateral” aid donor—providing over a third more in aid through the multilateral system than the United States.
The UK has taken up several ideas developed or supported by CGD fellows. Recently, this includes the use of disaster risk insurance and cash transfers in humanitarian relief; committing to an improved trade for development regime after Brexit; pushing for humanitarian reform; using the CDI to assess policy coherence; and using development impact bonds and advanced market commitments.
Britain just announced a new policy for trading with developing countries after Brexit. It maintains the current framework of duty free, quota free access to British markets for least developed countries. It is a good basis for the further steps we’d like to see Britain take.
The UK election has shown again that electorates can throw up unexpected results, with long-standing poll leads evaporating in a matter of weeks. The British public seem uninspired by any single leader but there was little sign of descending into nationalism and populism. The only party that stood on a platform of dismantling the aid budget—UKIP—suffered a heavy defeat. Here we propose two ambitions for the government which emerges.
Attention UK political parties: we know you are pretty busy right now, what with Prime Minister Theresa May calling a snap general election in a few weeks. So, we wrote an election manifesto on development for you. Feel free to plagiarize it; in fact, we’ve written it so you can just copy/paste parts of it if you want. To M Macron and Mme Le Pen, your manifestos are written, but you will find some good ideas here too. Needless to say, not all our CGD colleagues will agree with all our ideas, nor will many readers. So please let us know what we have missed or got wrong, in the comments below.
Aid is amazingly good value for money. For the same money the government willingly spends to save a life in a developed country such as the UK, we save around 100 or even 1,000 lives in the developing world.
A rise in protectionism and increased external uncertainty may compound already existing domestic weaknesses. Latin America cannot run the risk of being unprepared for the significant potential direct and indirect effects of such a menace to its exports, capital inflows and growth.