FDI is the ultimate in aid packages

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fDi Editor | 07/02/2005 12:00 am

In a briefing following the Indian Ocean tsunami disaster, US under secretary Alan Larson argued that FDI could help developing countries more effectively than aid. Karen E Thuermer reports.

The media have reported on how governments worldwide have reached deep into their pockets to assist in the tsunami relief effort in south-east Asia. The US government, for example, placed 2400 relief workers in the region, 26 ships with supplies nearby and 96 aircraft to fly in food and supplies.

“The US Department of Defense is spending $5m-$6m a day on tsunami relief, which is not part of the $360m+ and rising pledged by the US government,” Alan Larson, under secretary, economic, business and agricultural affairs told a National Press Club briefing on January 13 in Washington, DC.

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