Category: Foreign Aid

Dambisa Moyo: fact vs. fabrication

(June 25, 2009) Dambisa Moyo’s solutions to ineffectual foreign aid have been sneered at, misrepresented, distorted, and attacked outright. Probe International takes it as a sign that Dead Aid has hit the central nervous system of the foreign aid industry.  Consequently it can be difficult to separate what Moyo really said from what has been put forth as her words by others in an attempt to vilify her position. Here, Probe International attempts to set the record straight with a side-by-side comparison of what Moyo actually said versus what her critics claim she said.

World Bank seeks to increase lending to the developing world

(June 15, 2009) As the economic crisis continues to work its way through the global economic system, the World Bank is using the slowdown as an opportunity to increase lending to the developing world. According to the bank’s president, Robert Zoellick, the bank will increase its lending by $100 billion over the next three years. In 2009 alone, the bank plans to triple its lending from $13.5-billion to $35-billion.

Back to Sachs: astrology, despotism, and Africa

(June 2, 2009) Sachs Debate, Day Eight. Surprised that Sachs did not understand the point about Occam’s Razor — that a theory should be as simple as possible but no simpler. African poverty is complex, but our theories about it should not have so many complex Buts, Ors, and Excepts that they are impossible to disprove. Ignoring Occam’s Razor is how astrologists stay in business.

African leaders call for the DIY approach

(June 6, 2009) As the economic crisis continues to work its way across the globe, the plight of African countries has been used as a reason for increasing foreign aid to the developing world. But a new tone has taken root amongst lawmakers in Africa, with a number of African leaders saying its time for leaders across the continent to find ways to fix problems without relying so heavily on foreign aid.

Good governance can only bolster aid to Africa

(June 2, 2009) The recent debate about aid sparked by Dambisa Moyo’s book, Dead Aid, has polarised the development community. I have long argued that it is investment and good governance, not aid, which will solve Africa’s problems, although effective aid has an important role to play in the quest for sustainable economic growth and poverty reduction. Ms Moyo suggests that government bonds can take the place of development assistance. This is unrealistic.

No need to oversimplify poverty

(June 1, 2009) Bill Easterly takes a complex problem, African poverty, and tries to reduce it to a single factor: "the consensus among most academic economists is that destructive governments rather than destructive geography explain the poverty of nations." This is a strange assertion. Geography and government policies both matter.

Africa’s ‘dead aid’

(June 2, 2009) Two well-meaning members of the Western establishment, whose advice over the decades has, as much as anyone’s, brought the Third World to its knees, both believe the Third World needs more of their advice. Though at last night’s Munk Debate, prominent African author and economist Dambisa Moyo passionately disagreed.