Aid spending shake-up would help Asia most: experts

Andrew Tillett from the Financial Review asked Stephen Howes for comment on the 2019 report into expanding development finance options that proposed harnessing private investment into development spending.

Professor Howes maintained that taxpayers’ money would not be at risk of being lost by investing in otherwise marginal projects.

“If you look at the track record of these [government development financing] institutions around the world, they have not generated a call for taxpayer bailouts,” he said. “If you set them up properly, they have screening processes in place.”

26 September 2022

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