Oxfam warns on overseas aid schemes as post-Brexit sterling plunge hits finances



Oxfam has warned that the plunging value of the pound is hitting the charity's finances and putting overseas aid programmes at risk.
The organisation's finance director Alison Hopkinson told the Press Association that charities fundraising in sterling are seeing their purchasing power reduced in countries where local currencies are pegged to the US dollar.
"We have some choices to make. We can either reduce the number of hygiene kits or we can dig into our reserves, which are already stretched ... and that obviously puts us in a more financially precarious situation," she said.... read more

 
6 October 2016 in Regional East, Views: 34
Source: Belper News
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