Federal budget 2018

Federal budget 2018: Bono praises Canada’s boost in foreign aid spending

By Mike Blanchfield The Canadian Press

…The budget pledged $2 billion over five years to increase international aid through a new International Assistance Innovation program, designed to come up with flexible new financing arrangements, and the Sovereign Loans program. This is the biggest increase in almost two decades…



Aid minister aims for more private sector investment in foreign aid

By Mike Blanchfield, The Canadian Press — Feb 28 2018

…  International Development Minister Marie-Claude Bibeau says she wants to use the new $2 billion in extra aid dollars in the new budget to attract insurance and pension funds to invest in fight against global poverty.  She's targeting them for a simple reason: "They have a lot of money," Bibeau said Wednesday in an interview…