Tag: Corruption

The Gr8 Escape: The G8 is doing very little to help Africa

(July 17, 2009) Foreign aid is again in the spotlight after the recent G8 meeting in L’Aquila, Italy. One area that garnered particular attention from the media was the decision by G8 leaders to increase aid to Africa for food security and agricultural development to $20-billion-a 33% increase from the previously promised $15-billion.

Obama’s plan to override Congressional conditions for US funding of World Bank is overwhelmingly rejected by lawmakers

(July 17, 2009) President Obama recently received a harsh lesson from Congress after he decided to openly ignore some of the environmental, labour and transparency regulations attached to funds allocated for the  World Bank and IMF. Worse still for the President, the indictment came from both sides of the aisle—with 429-2 voting to negate the recent signing statement.

Why Are We Still Poor?

(July 6, 2009) Look at the woman in the photograph on the left and her surrounding carefully. Does she look like someone who has been given help by aid agencies like United States Agency for International Development (USAID), Danish International Development Agency (DANIDA), Canadian International Development Agency (CIDA), Swedish International Development Agency (SIDA), Oxfam, Action Aid, Christian Aid, World Vision, Adventist Development and Relief Agency (ADRA) and JICA?

Foreign Aid and Bad Government

(January 30, 2009) As Barack Obama’s presidency takes shape, many analysts are calling for a new approach to foreign aid. Iqbal Z. Quadir wrote an article in the Wall Street Journal calling on the Obama administration to stop pouring billions of dollars into state bureaucracies and instead, promote bottom-up entrepreneurship. This, he argues, would be far more effective in alleviating poverty and supporting democracies in the developing world than traditional forms of 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.

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.