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.

EDITORIAL OF THE DAY

  • Electricity generators sit on hundreds of gigawatts waiting for buyers

    Be it a Lok Sabha, Rajya Sabha or a state legislature poll, power — as in electricity — remains a major issue on which elections are won or lost.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

A complex challenge for our PSUs

Till the mid-1990s, the central government and its companies were ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Dharmendra Khandal

The one in which a blue whale was washed ashore

Quite unexpectedly, a gigantic blue whale was washed ashore at ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture