Aid policy shift to boost industry

AUSTRADE has pinned seven key African markets for Australia’s METS sector as the federal government seeks to shift thinking from “aid as charity” to “aid as economic diplomacy”, with the resources sector next on the list.

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Austrade thinks a shift in aid policy could yield new African opportunities for the Australian resources sector.

While last week’s budget slashed aid spending to Africa from about $100 million to about $30 million, there has been a decisive shift to move away from the “outdated thinking” of aid as philanthropy