India, China have resources to tackle poverty, says Cameron

Tags: News
Observing that countries like India and China have the resources to tackle poverty, British Prime Minister David Cameron today said financial aid should be extended to "broken states" that are facing famine and conflicts.

Speaking at the World Economic Forum (WEF) here, Cameron said when it comes to utilisation of aid budget, the same should be given for nations affected by wars, conflicts or famines and do not have the chance for development.

"... That is why we have taken our aid budget away from India or away from China," he said.

"Yes, there are lots of very poor people in India and China. But India and China have the resource and ability themselves, if they take the right steps to tackle that problem.

"So, the focus of aid budget I think should be increasingly on the broken states where we can make the biggest investments," the Prime Minister emphasised.

To help lift people out of poverty, many advanced countries extend financial aid to less developed or under developed nations.

Talking about his government's approach, Cameron said it leaves some part of the budget to help conflict states.

"Because I think some of the poorest people in the world are in those states and they don't have any chance of development until you settle some of the basic problems," the UK Prime Minister added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Banks must learn from past mistakes to promote financial inclusion

    Prime minister Narendra Modi launched a massive financial inclusion programme yesterday titled “pradhan mantri jan dhan yojana’ (PMJDY), that will

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Could prohibition mean profiteering?

In the mid 1930s, an American journalist asked Bapu if ...

Zehra Naqvi

The five universal languages of love

Love is a universal language. Don’t we all believe that? ...

Dharmendra Khandal

Time to protect our endangered wildlife species

After 65 million years of existence, the earth’s biodiversity is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture