Swedish Foreign Aid Slashed

The amount of money Sweden gives in international development assistance is to fall by up to 23 percent next year, according to minister Gunilla Carlsson. Speaking to Swedish Radio News, she says that foreign aid will still be worth 1 percent of this country's gross national income, but that due to the ongoing recession, Sweden's GNI has shrunk, and so will the aid budget.

She says she is now taking a closer look at Sweden's various projects around the globe to see where savings can be made. Carlsson adds, however, that some areas will be prioritised and not face any cutbacks, these areas include countries in central and eastern Europe such as Moldova. She also wants to put some money aside as a reserve, in case of some humanitarian catastrophe next year.

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