Tuesday, June 28, 2011

Weaning countries off aid | Jonathan Glennie | Global development | guardian.co.uk

Weaning countries off aid | Jonathan Glennie | Global development | guardian.co.uk:

"Reducing aid dependence is not the same thing as reducing aid. Aid dependence can be reduced without reducing aid (if other sources of money increase). And reducing aid doesn't mean reducing aid dependence – it might well mean the opposite. It is the dependence not the aid that is the problem.

Dependency on aid can only be reduced if the equivalent financial resources (and more) are found elsewhere. That requires action at the international level on issues such as trade policy, illegal capital flight and commodity pricing. And at the national level it requires a coherent set of policies to gradually increase resource mobilisation from untapped areas of the economy."

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