Aid will not lift growth in Africa, warns IMF
"The International Monetary Fund has warned that governments, donors, campaigners and pop stars need to be far more modest in their claims that increased aid will solve Africa's problems. Days before the Live-8 concerts around the world, and next week's Group of Eight countries summit in Scotland, the IMF has released two extensive research papers that suggest aid flows to poor countries have not led to higher growth rates, the main driver of poverty reduction..."
Read the full story here. We discussed this only recently. This is a dispassionate perspective from another angle.
Read the full story here. We discussed this only recently. This is a dispassionate perspective from another angle.
posted by Abs at 5:39 AM
3 Comments:
if anyone's interested, bob geldorf and co's new book "our common interest" (about the developed world's responsibility to africa) is worth a read.
many of the goals are lofty, but the arguement raises some great points...
6:58 AM
counter argument to live8 etc,
http://www.ethanzuckerman.com/blog/?p=98
http://www.theaustralian.news.com.au/common/story_page/0,5744,15748181%5E7583,00.html
1:46 PM
as an economist would say...there is no possible argument that can counter this IMF claim. We use facts, we don't sensationalize and though we acknowledge the political factor, we don't don't let it blur our perspective.
Bono makes me laugh by the way.
4:29 PM
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