Senate cuts 20 million euro to Italian ODA

On friday 25th, the Senate approved Decree 159, with some emendaments to the government text.

As for development cooperation, the new text cuts 20 million euros previously allocated to the Italian participation to multilateral development funds, such as IDA, GEF or IFAD. The total amount currently availble is 389 million euros, and it is not clear where the 21 million euro were channelled to. The cut got all the government services dealing with the bank, by surprise.

Now the Decree is to be approved by the Lower House of Parliament, but time and political constraints will not allow re-allocatin g21 million back to ODA...