The rug just got pulled under Bono and all other aid proponents.
Aid to poor countries has little effect on economic growth, and policies that rely on such claims should be reexamined – IMF
“We find little evidence of a robust positive correlation between aid and growth,” says IMF economists, There is “little evidence that aid works better in better policy or institutional environments, or that certain kinds of aid work better than others.”
This statement is long over due, way too long!