Category: Foreign Aid

Aid Keeps Latin America Poor

(April 6, 2009) The Wall Street Journal‘s Mary Anastasia O’Grady pokes at Treasury Secretary Timothy Geithner for jetting to last week’s Inter-American Development Bank annual meeting in order to propose a near tripling of the development bank’s capital.<.

Papua New Guinea and China’s New Empire

(January 3, 2009) In less than a decade, China has spun a web of strategic investments that stretches from Latin America to the former Soviet Union, from the remotest islands of the South Pacific to the huge oil fields of Angola and Sudan. In a range of resource-rich countries, China is diligently cultivating its interests. The Globe and Mail’s Geoffrey York

The aid industry in Nepal — large budgets, large problems

(November 26, 2008) The Asian Development Bank, Chinese banks, and Indian firms are using foreign aid to build a mega-dam in Nepal where experts say an earthquake is likely. Nepal’s Federation of Water and Energy Users says the decision bypassed Parliament, violates the constitution and the human rights of Nepalese. Meanwhile, local micro-hydro operators are churning out cheaper, reliable, aid-free power.

Why consumers and citizens should pull the plug on the Asian Development Bank- part 1 of 2

(May 3, 2000) Without market discipline or public oversight, the ADB is a financial and environmental menace, providing a breeding ground for electricity investments that destroy the environment, create poverty, sink Asian citizens in debt, cost taxpayers in donor countries money, and deprive consumers of cheaper, better generating options.