U.K. leaves "Washington Consensus" on aid to poor countries.LONDON London, city, Canada London, city (1991 pop. 303,165), SE Ont., Canada, on the Thames River. The site was chosen in 1792 by Governor Simcoe to be the capital of Upper Canada, but York was made capital instead. London was settled in 1826. -- Britain will break with the "Washington Consensus The Washington Consensus is a phrase initially coined in 1989 by John Williamson to describe a relatively specific set of ten economic policy prescriptions that he considered to constitute a "standard" reform package promoted for crisis-wracked countries by Washington-based " which has guided the aid policies of donor The party conferring a power. One who makes a gift. One who creates a trust. donor n. a person or entity making a gift or donation. DONOR. He who makes a gift. (q.v.) nations. The UK government will no longer urge poor countries to privatize pri·va·tize tr.v. pri·va·tized, pri·va·tiz·ing, pri·va·tiz·es To change (an industry or business, for example) from governmental or public ownership or control to private enterprise: "The strike ... large swaths of industry (including their health systems) or open their markets to foreign trade overnight as a condition for receiving development aid. International development secretary, Hilary Benn said the UK government is proposing that donors focus more on outcomes such as the number of children in school or levels of poverty rather than the specific means to achieve them. |
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