CHINESE ACADEMY OF INTERNATIONAL TRADE
AND ECONOMIC COOPERATION
MINISTRY OF COMMERCE, P. R. CHINA

Wed.29/10/2014

Current Location: Home > Research > Articles

InDecember 2016, the UK Department for International Development (DFID) publisheda five-year report assessing the performance of the UK's multilateral aidinstitutions. As the only G7 and G20 country that provides up to 0.7 percent ofgross national income as foreign aid, the UK has always attached greatimportance to cooperation with multilateral institutions, with multilateral aidaccounting for about 40 percent of the country's total foreign aid.

For aidrecipient countries in Africa, the UK has actively used the multilateral aidchannels to expand its aid scope in the region. The UK is the largestcontributor in the 11th, 12th and 13th rounds of capital replenishments for theAfrican Development Fund, the financing window of the African Development Bank(ADB), taking a 14 percent stake in the fund. Against such a backdrop, the UKbelieves that it is necessary to assess the performance of multilateral aidinstitutions to ensure the interests of its taxpayers and people from therecipient countries. China could also learn from the UK to optimize its aid toAfrica and improve the efficient usage of aid funds.

 

Theauthor is the associate research fellow of the Institute of InternationalDevelopment Cooperation.

This article is published on Global Times (May8, 2017).