In its annual report on spending at the Department for International Development (DfID), the international development committee (IDC) said it was concerned that budgets for bilateral aid programmes would be raided to fund disaster relief in wealthier states, such as the Philippines.
Budapest auctioned off 230 Communist-era relics, including more than a dozen portraits of Lenin, to help fund disaster relief, and the government eventually provided $190 million in aid.
Budapest auctioned off 230 Communist-era relics, including more than a dozen portraits of Lenin, to help fund disaster relief, and the government eventually provided $190 million£11313 million) in aid.
The government looks certain to need an extra budget to fund disaster relief and reconstruction after the triple blow of a massive 9.0 magnitude earthquake, a tsunami and a dangerous radiation leak at a quake-crippled nuclear plant.
Senate Democrats plan to to amend the House version of the continuing resolution, if it comes to them, to include a measure passed by the Senate last week that would fund disaster relief without offsets.
The Indonesian government plans to launch a new strategy to fund disaster recovery, which could include insuring state assets and selling "catastrophe bonds", Indonesia's head of fiscal policy office Suahasil Nazara said earlier this month.
But recent hedge-fund disasters, such as the misadventures of Amaranth Advisors, which gambled heavily and lost in the energy markets, have barely caused a ripple.
It includes all islands in the state, activates the Major Disaster Fund for disaster relief, and allows access to emergency resources at state and federal levels.
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