New Blog Exposes the Fraud of Foreign Aid
October 31st, 2006 | Published in Advocacy, Africa, Blogosphere | 1 Comment
Abuja Volunteer, a new blog penned by Indar, a former VSO volunteer, aims to expose the dirt of western nation-funded aid programs, particularly that of the Employment-oriented Private Sector Development Programme funded by Germany. Hat tip to Jeremy (Naijablog) for ushering in the new blog.
I Quoted ActionAid International earlier this year in a post titled “Phantom Aid versus Real Aid: “Too much aid continues to be identified, designed and managed by donors. It is tied to their countries’ own firms, is poorly coordinated and is based on a set of assumptions about expatriate expertise and recipient ignorance.â€
Others have spoken against the [tag]foreign aid[/tag] ‘misconcenption’; I particularly like James Shikwati, the brillant Kenyan economist stance on the issue. You may also read the Observer’s “Is aid a $2.3 trillion failure?”
[tag]International development[/tag]
December 29th, 2006 at 2:54 pm (#)
Poor Bangladeshi women can repay, in full, the Nobel Peace prizewinner’s Grameen Bank. Which is why the Grameen Bank has vastly, and successfully, expanded lending to the otherwise destitute.
Yet, oil rich Venezuela ‘lacks’ the resources to similarly repay foreign banks?
Oil rich Mexico, oil rich Nigeria, oil rich Indonesia, etc – require debt forgiveness and International Monetary Fund and World Bank loan rollovers?
And “Southern Black Africa,†too, is “awash in oil…wealth [that] places Africa on the top of the Pyramid of the economic Resource War game,” the United Nations states in its May 4, 2005 report titled “The IMSCO Proposal/Report: Towards An African Solution.”
Oil, default and capital flight – or, the foreign bank accounts of Third World nationals: http://foreigndebtforgiveness.com.