Izaakia to cut its $24.8 billion budget for Foreign Aid to $4.8 billion aimed solely at disaster relief. The $20 billion is to be redirected into technological research and science projects that are carried out in partnership with institutions in developing countries. Foreign Minister Anastasia Glacé has described the re-distribution as “rebuilding the foundations of development, aiming to build a scientific and technological network across the developing world that treats developing nations as equal partners, so that nations can develop their economies on their own merits.”
The government has also announced an increase in scholarships, exchanges and student visas for prospective students from developing nations that wish to study STEM subjects.