International development/International poverty reduction
UK Aid budget Tackling global poverty remains a key priority for the UK Government, as demonstrated at the 2007 Comprehensive Spending Review (CSR07), which announced significant increases to the Department of International Development’s (DFID) budget.
Debt relief The Government supports the full financing and swift implementation of both the Heavily Indebted Poor Countries (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI). Together, HIPC and MDRI are expected over time to deliver over US $100 billion of debt relief to the World's poorest countries.
Innovative Financing The Government's aim is to ensure that no country committed to poverty reduction and good governance should be denied the opportunity of pursuing this goal through lack of resources. Innovative financing mechanisms are needed to help deliver and bring forward the financing urgently needed to achieve the MDGs.
