UK to allocate $187M to vulnerable countries to prepare for consequences of climate change

The UK government is to spend millions of pounds helping countries prepare for future humanitarian disasters in a radical shake-up of its development policy, Report informs referring to the BBC.

A new £150 million fund will help poorer countries get access to money faster in emergencies and reduce the impact of future climate crises.

The change is expected to be part of a new White Paper designed to make Britain's foreign aid spending go further while also finding new sources of international finance.

Ministers hope the 140-page policy document - published on Monday - can help restore Britain's reputation as a development superpower after years of aid cuts.

There are also plans for special insurance schemes and pre-agreed contingency funds to ensure countries can get access to humanitarian cash the moment disaster strikes, instead of having to wait for donor countries to raise the money which can take some time.

Developing countries may also automatically be able to stop paying back international debts in times of crisis.

The White Paper is expected to set out plans to unlock more private finance to help the world meet the United Nations sustainable development goals, known as SDGs.

These plans - to cut poverty, hunger and inequality and boost education, health and climate action - were agreed in 2015. But the targets are considered widely off track and unlikely to be met by their 2030 end date.

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