UK demands repayment of climate aid to poor nations

Developing countries attack plan to offer warming help as loans instead of grants

Britain’s


But the Guardian has learned that the money is not additional British aid and will be administered by the World Bank mainly in the form of concessionary loans which poor countries will have to pay back to Britain with interest.

A letter signed by two government ministers and seen by the Guardian shows that Britain has been pressing other G8 countries to also give money to the new fund, which will be launched in July in Japan at the G8’s annual meeting.

Guardian