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Private Investment Considerations
B.
Countries which at present offer good prospects for British private
investment are listed in Annex E; any such list must be fluid (paragraph 90).
t. Early effect should be given to the tax measures to encourage British
private investment in developing countries recommended in Cmnd 4656 (paragraph 88);
and we should be ready to make sparing use of the threat of the withdrawal of aid,
preferably on a multilateral basis, to deter the expropriation of assets
(paragraph 87).
Political and Developmental Objectives
In the nature of the case it is not possible to make comprehensive
recommendations about countries where a political case for aid might arise in the
future (paragraph 96). Hence it is necessary to be able to enter into a commitment
quickly to secure specific objectives (paragraph 98).
Political interests might however be served by an extended programme of
technical assistance to Nigeria and Algeria, and by the continuation of technical
assistance and capital aid to Malaysia and perhaps also technical assistance to
Singapore after Special Aid tapers off (paragraph 96(a) and (b)).
We will need to make a significant contribution to the aid-giving Agencies
of the enlarged EEC to ensure that we are adequately placed to influence major aid
decisions of the Community in the future (paragraph 96(●)).
X. Once a country programme is begun it is in general difficult politically
damaging commercially and inefficient developmentally to end it quickly (paragraph 99).
y. In applying the recommendations in this report for securing greater
economic advantage from the aid programme it needs to be remembered that the UK
has a good record for taking full account of developmental objectives in its aid
dealings. Care should be taken not to lose this reputation (paragraph 70); the
early effective planning of our country programmes is essential to a successful
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