Monday, January 19, 2009

The Need for Increasing Aid

As the current economic crisis seems to have no end in sight, some might take it as an excuse for withdrawing financial aid to poor countries. In reality, aid must be increased by 20% to ensure that these countries can afford to create their own economic rescue packages. The West spends billions of dollars bailing out their own banks, and according to a high-powered UN commission, "it is imperative that developing countries be provided with funds to allow them to undertake comparable policies."
Source: The Observer