$40m of aid for Credit Suisse First Boston

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In India, DFID spent US$40m on TA [technical assistance] from Credit Suisse First Boston over just six months, in the course of advising the state government of Orissa on energy privatisation. The total bill for foreign consultants on this programme eventually rose to US$110m, with most of the TA provided by Price Waterhouse Coopers. In Vietnam, one DFID official estimated that they typically pay foreign experts between US$18,000 and US$27,000 per month, compared to US$1,500-$3,000 for local experts.