PM tells G20 that plan is to spend £30m over four years on private insurance policies to reduce need for humanitarian aid

Theresa May is planning to spend tens of millions of pounds of aid funding on buying premiums with British insurance companies to help cover the costs of natural disasters in African countries, such as severe drought.

The prime minister believes that buying up private insurance policies in the UK, in a break from more traditional forms of aid spending, could reduce the need for expensive direct humanitarian support in the future.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.