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	<title>economic conditions Archives - International Finance</title>
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	<title>economic conditions Archives - International Finance</title>
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		<title>Saudi prince’s visit to the UK brings new alliance on global aid</title>
		<link>https://internationalfinance.com/economy/saudi-princes-visit-uk-brings-new-alliance-global-aid/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=saudi-princes-visit-uk-brings-new-alliance-global-aid</link>
					<comments>https://internationalfinance.com/economy/saudi-princes-visit-uk-brings-new-alliance-global-aid/#respond</comments>
		
		<dc:creator><![CDATA[International Finance Desk]]></dc:creator>
		<pubDate>Fri, 09 Mar 2018 10:30:54 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[British]]></category>
		<category><![CDATA[East Africa]]></category>
		<category><![CDATA[economic conditions]]></category>
		<category><![CDATA[Joint Cooperation Memorandum]]></category>
		<category><![CDATA[poor countries]]></category>
		<category><![CDATA[poverty]]></category>
		<category><![CDATA[Saudi Arabia]]></category>
		<category><![CDATA[UK]]></category>
		<guid isPermaLink="false">https://www.internationalfinance.com/?p=15758</guid>

					<description><![CDATA[<p>The Department for International Development and the Saudi Fund for Development will work together to protect lives in scarce countries</p>
<p>The post <a href="https://internationalfinance.com/economy/saudi-princes-visit-uk-brings-new-alliance-global-aid/">Saudi prince’s visit to the UK brings new alliance on global aid</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span style="font-weight: 400;">The UK and Saudi Arabia signed the </span><span style="font-weight: 400;">Joint Cooperation Memorandum </span><span style="font-weight: 400;">to brace economic conditions for some of the world’s poorest population, according to the </span><a href="https://www.gov.uk/government/organisations/department-for-international-development"><span style="font-weight: 400;">Department for International Development</span></a><span style="font-weight: 400;">.   </span></p>
<p><span style="font-weight: 400;">The partnership was declared during the Crown Prince of Saudi Arabia’s first time visit to the UK. This is the first between </span><span style="font-weight: 400;">the Department for International Development and the Saudi Fund for Development. </span></p>
<p><span style="font-weight: 400;">The dedication to uplift the livelihood of the people in East Africa shows significant interest to eliminate world poverty and conflict.</span> <b>Penny Mordaunt, </b><b>Secretary of State for International Development of the United Kingdom,</b><span style="font-weight: 400;"> said: </span><span style="font-weight: 400;">“Global Britain is rightly recognised as an international leader when it comes to helping the most vulnerable, saving lives and tackling global challenges. </span></p>
<p><span style="font-weight: 400;">The Saudi Fund has a long record of investing in successful development projects around the world. We are sharing the best of British expertise, and our collective efforts will help create jobs and livelihoods to support the poorest people to stand on their own two feet. This in turn will help to boost global prosperity which is in all our interests.”</span></p>
<p><span style="font-weight: 400;">Quality expertise and collaborative efforts from both departments is a positive start “</span><span style="font-weight: 400;">by building critical infrastructure for some of the world’s poorest whose lives are threatened by drought, disease and conflict. Together we can make a bigger difference and ensure that everyday tasks like collecting drinking water are made much easier,” <strong>Mordaunt</strong> added.</span></p>
<p>The post <a href="https://internationalfinance.com/economy/saudi-princes-visit-uk-brings-new-alliance-global-aid/">Saudi prince’s visit to the UK brings new alliance on global aid</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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