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The chancellor's whole scheme is quite interesting actually - the idea of a much closer mentoring scheme where aid is carefully supervised and targeted and much closer links are forged between the two countries. The only snag is I can imagine some of the African leaders rejecting initiatives like this as being too reminiscent of colonialism.
Re. the loans, my understanding was that this wasn't about giving loans as such but the IFF would function much like the IMF and act as a source of finance and advice if the worst came to the worst, like a safety net.
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