Trudeau eats cake, keeps it
It is disingenuous of the Trudeau government to tout a new Development Finance Institution (DFI) while at the same time announcing that there is no increase to international assistance. Foreign aid is the biggest source of funding for the poorest countries in the world, including those in the grip of conflict or natural disaster. Loans from DFIs, on the other hand, mainly benefit middle income countries - not surprising, since they have the capacity to take on debt. Depriving the poorest in order to help the less poor is hardly a matter of pride for a country that proclaims its humanism and aspires to be a world leader.