New research provides more evidence that foreign aid undermines good governance. Advertisements
(April 14, 2014) A pledge by the World Bank’s new President Jim Yong Kim to increase spending will produce the same bad results that have plagued the Bank for decades.
(December 9, 2013) Travel writer and novelist Paul Theroux believes that decades of foreign aid to Africa has hampered the continent’s development.
(November 5, 2013) A Zimbabwe-based newspaper says greater accountability and transparency will help the country’s struggling economy, not foreign aid.
(May 6, 2011) The Save the Mekong coalition and its alliances have called for the halt of construction activity at the dam site and for the Government of Thailand to cancel its plans to purchase the dam’s electricity. Many groups from around the Mekong region have also called for cancellation of the Xayaburi Dam as it would jeopardize the livelihoods and food security of millions of people in the region.
Les effets des transformations des États sur leurs dettes publiques et autres obligations financières
(April 21, 2011) Alexander N. Sack, Recueil Sirey, Paris, 1927.
(December 17, 2010) U.S. Sen. Dick Lugar announced today that criminal prosecution of firms and individuals caught defrauding the World Bank and the other multilateral development banks is an important deterrent, but use of this tool varies widely among the banks.
(October 14, 2010) While corruption in Uganda becomes more endemic, the World Bank continues to hand over millions of dollars of foreign aid funds – not realizing that this money is making the situation worse, writes Brady Yauch.
(June 11, 2010) Matthew Saltmarsh from the New York Times says the citizens of the Maldives are demanding former president Maumoon Abdul Gayoom hand over the millions he stole while in power.
(May 11, 2010) A number of African leaders are now saying that foreign aid is no longer the only answer to economic development of the continent. Instead, they are calling for reform of the tax system, pointing out that Africa currently has one of the lowest tax-to-GDP ratios in the world.
(May 10, 2010) A report sponsored by the United Nations, and overseen by Jeffrey Sachs, urges rich countries to spend more on cutting hunger and poverty in the developing world. But there are still plenty of cynics.
(April 17, 2010) Foreign aid has generally benefited the ruling elites in Africa, by among other things, enabling and perpetuating corrupt governments’ hold on power, and by extension, entrenching the pervasive underdevelopment. Over the past five decades, foreign emergency assistance to Africa has helped to avert hardship for many of Africa’s poor, but failed to promote any significant economic development.
(March 30, 2010) HIPC was a necessary evil we agree. We also recognize that it is a stop-gap measure that addresses the symptoms of our under-development, rather than the causes a half-hearted response to the ever-growing agitation for total debt cancellation that characterized the 1990s. But, even total debt cancellation will not solve our problems. At best, it will provide a temporary respite from the excruciating poverty we have known for decades now.
(March 5, 2010) Interview with Dambisa Moyo from The New Statesman.com.
(March 3, 2010) Criticism of the high salaries being offered to contractors working with AusAID, Austrialia’s national aid agency, is the latest example of the increased scrutiny facing aid agencies around the world. The criticism comes after a recent audit showed that a number of aid workers are earning more money than the country’s Prime Minister. And they’re doing so tax-free.