@PiaEngstrand There is a need to think new ways how development can be supported in poor countries. The old model did not work except multilateral support. Direct bank transfers to poor persons account is one such. Will reduce all transaction costs. @NordstrmAnders
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India created 300 millions bank accounts for poor. Have individual identity for 1.2 billions. More than 500M bank accounts are attached with ID. 12 billions $ in subsidies has already been DBT. 10 billions $ are saved due to fake subsidies claimers. Dev Aid should follow model.
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