The recently launched new “international development strategy” will deepen economic, security and development ties globally, while delivering jobs and growth in both the UK and partner countries, says the UK government. .
Foreign Secretary Liz Truss has set out her vision for the future of UK international development which will help address increasing global challenges.
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The British Foreign Secretary published the “International Development Strategy” to respond to a world increasingly affected by geopolitics, according to the British High Commission in Dhaka.
The UK will use aid and investment to create global economic growth and challenge dependency on malign actors to offer honest alternative for low- and middle-income countries.
The Foreign, Commonwealth & Development Office (FCDO) will prioritise bilateral programmes to ensure money is spent on key priorities including educating girls and providing life-saving humanitarian support
The strategy, which builds on a proud record of global leadership on development, will challenge dependency on malign actors, offering choice and bringing more countries into the orbit of free-market economies.
The strategy will help address increasing global challenges, delivering investment, supporting women and girls, getting humanitarian assistance to those who need it most, and continuing our work on climate change, nature and global health.
Development will be at the heart of the UK’s foreign policy which uses all the levers available – including development, diplomacy, investment, trade, defence and intelligence – to deliver on our foreign policy objectives.
The strategy will use British International Investment and other tools to provide honest and reliable finance to help low- and middle-income countries take control of their futures, giving them an alternative so they are not burdened with unsustainable debt with strings attached.
This approach will help deliver the Clean Green Initiative, supporting countries to grow their economies sustainably.
The UK government will also use the strategy to rebalance the aid budget towards bilateral programmes.
This will give the Government greater control on how money is spent allowing a focus on priorities and improve lives around the world.
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“In an increasingly geopolitical world, we must use development as a key part of our foreign policy,” said British Foreign Secretary Liz Truss.
The new strategy, launched today, will ensure that their international development work brings benefit across the globe and here at home. Our strategy will deepen economic, security and development ties globally, while delivering jobs and growth in both the UK and partner countries.