Brown’s climate aid millions turn out to be loans - with interest
19 May 2008
Britain’s £800 million international project to help the world's poorest countries adapt to climate change is under fire after it emerged almost all the money offered by Prime Minister Gordon Brown will have to be repaid with interest.
The UK Environmental Transformation Fund, announced by Mr Brown to international acclaim in November last year, was widely expected to be made in direct grants to countries experiencing extreme droughts, storms and sea-level rise associated with climate change.
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