Critcisms about how foreign aid is shared out

There is criticism in the news about how the government CDC Group, which distributes tax-payer funded foreign aid, is investing taxpayers' money. The criticism is that too many investments are for 'luxury' rather than for basics such as clean water supply and schools.

Or, as a Times leader subheading puts it: "Public funds and private equity have been combined in an effort to put British overseas aid on a commercial basis. The result will not inspire taxpayers’ trust".

What do other gransnetters think?