Tag: 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.<.

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.

Foreign aid corruption case puts Canada on trial

(August 20, 1999) ‘Corruption has to be tackled head on,’ declared Diane Marleau, Canada’s minister for foreign aid this spring, two months after Canada adopted the OECD’s anti-corruption convention by making bribery of foreign public officials a criminal offence. But on the eve of the world’s first foreign aid-related corruption court case — one involving Canadian engineering giant Acres International — the government agencies concerned mostly appear to be abdicating responsibility.