Britain says despite its own economic problems, it has been able to double by 50 percent annually, its bilateral assistance to the Caribbean.
Head of DFID (Department for International Development) Caribbean, Harry Hagan, says since the coalition government took office Britain had increased that assistance to 75 million pounds over four years.
He said British support to the Caribbean was focused on three main areas: growth and trade, climate change and disaster risk reduction, and governments and security.
Hagan was addressing the launch of Dominica’s National Export Strategy and the Dominica Coalition of Services Industries, supported to the tune of $3 million through the Caribbean Development Bank with UK funds from CARTFUND – The Caribbean Aid for Trade and Regional Integration Trust Fund.
The British official said he was convinced that the two projects launched had the potential to raise Dominica’s goods and services exports.
He said he hoped the projects would be able to take advantage of the opportunities available under the Economic Partnership Agreement (EPA) between Dominica and other Cariforum countries and the European Union.
“…it has been able to DOUBLE BY 50 PERCENT annually…” My deceased math teacher Pat Martin would have a field day on this one.
@ Little Big…..you’re sucha smart. If they increase the assistance by 50% annually, it would mean that over a period of @ years there would be a 100% increase (double the AID). now, does that make sense to you………..BTW, your MAths teacher would be shaking his head at you now and checking you haven”t learnt from your school days…..LOL
correcting the typo “over a period of 2 years”
Sorry Papa Met, but you need to go back to school also. An annual increase over two years would result in 225% of the original sum: say the original is $100 + first year increase of 50% = $150 + 50% second year increase = $225!
I believe the reporter erred in equating 50% increase with “doubling” (which would be 100%).
Anyway, the main point of the article is that we are getting very welcome assistance directly from the U.K. Thank you!
It did say “double by 50%” No matter how u look at it, that cannot be correct. Also, DOUBLE means increase 100% so if he were to say it was doubled, there is no need to say by how much because that is a given.
Thanks
I dont care what you say.. one cannot double by 50% annually. If the author had written “double, by increasing the original by 50% over a two year period”, I understand. However, the writer failed to say that specifically. So dont add words that are not there. And by the way my English teacher Ira George would be just as pleased with my comprehension as Mr. Martin would be with my Mathematics.