Guest guest Posted May 16, 2003 Report Share Posted May 16, 2003 Dear Forum, Ref: " Australian aid to India: Australian Budget 2003-2004 " Does AID mean the money has to be paid back with interest? or is it a donation? If you will indulge my curiosity,does the world bank aid to India for HIV prevention have to re paid or is it just a donation like this one. My understanding is that the worlb bank aid is actually a loan. Thank you in advacne for anyone who can answer this. Can you also please provide a reference where I can find out more about this Australian aid being a donation and not a loan. I an interested in knowing the dynamics of international funding. Vijay E-mail: <emailreddy@...> Quote Link to comment Share on other sites More sharing options...
Guest guest Posted May 19, 2003 Report Share Posted May 19, 2003 Hello Vijay and the Forum, Let me start an answer to this question by quoting the conclusion of the Foreign Minister's report to the Parliament - " The 2003-04 aid budget is a practical expression of Australia's commitment towards building a secure, stable and prosperous Asia-Pacific region. This budget enhances our capacity to respond quickly and effectively to emerging development challenges, both within our immediate region and internationally. This will ensure that Australia continues to make a valuable contribution to poverty reduction and sustainable development. " It is impossible for this assurance to the Australian people to be effective if it is offered as a loan so I think you can be assured that it will not be repayable. I'm sure that it will not be all rendered in cash though. Some capacity building will no doubt be included. While I am writing let me describe the key themes from the 66 page budget report. " Australia's aid program serves the national interest by fostering growth, poverty reduction, peace and stability in the region and addressing trans-national threats to Australia's security. (Thats the hard sell to the Australian people) In 2003-04, Australia's global aid program will provide an estimated AUS$270 million for education; AUS$225 million for health; and AUS$55 million to address gender equality. Activities will include: Combating communicable and non-communicable diseases in the region through a combination of capacity building and direct service delivery; Continuing the implementation of the AUS$200 million., six year HIV/AIDS initiative with AUS$60 million to be allocated in 2003-04 including activities agreed with the HIV/AIDS Asia-Pacific Leadership Forum; There are numerous other issues related to Water, Security, Anti-terrorism and sustainable resource management in the Budget report buit I think that the above prescription is sufficiently indicative of where the AID grants will be directed in 2003-04. I hope this helps the questioner and anyone else reading this forum. It certainly should help understand the immediate directions for Australia's share of its commitment to its regional partner countries of which India is one of 12 in the Papua New Guinea pacific region; 11 in East Asia and 8 others in South Asia, Africa and the rest of the world. Geoffrey E-mail: <gheaviside@...> Quote Link to comment Share on other sites More sharing options...
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