Tag: taxes

The merry-go round of aid: Foreign aid goes in and comes out in developing countries flush with cash

(Dececember 30, 2010) Brady Yauch writes that a recent World Bank program in India has reignited the debate on when “developing” countries should stand on their own two feet.

Moyo: international aid to Africa spurs corruption

(April 2, 2010) Billions of dollars in international financial aid do more harm than good on the African continent, economist and best-selling author Dambisa Moyo said in a lecture to students on Thursday. In the lecture, held in Filene Auditorium, Moyo argued that continued financial aid to African nations allows political leaders to ignore their responsibilities to the population in favor of appeals to potential donors.

Anti-rape funds in Congo wasted: critics

(March 14, 2010) Since 2006, Canada has poured $15-million in government money into a massive foreign campaign against the sexual violence in Congo. But Ms. Bihamba, who as leader of a women’s group spent lonely years speaking out against the problem, is now one of a growing number of skeptics who question whether this money is achieving its goals.

Foreign aid takes another blow–this time in Australia

(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.

Corruption and Bribery as a Way of Life in Africa

(October 26, 2009) Corruption happens at many different levels of bureaucracy, and has become a way of life. According to Transparency International, in Africa, the informal sector amounts to more than 40 per cent of the economy in many countries, reaching well over 50 percent in Nigeria and Tanzania. The lack of legal protection and the desire to dodge regulations makes the informal sector easy prey for extortion and the solicitation of bribes by corrupt officials.

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.