Monday, April 20, 2009

The Effectiveness of Aid

In a recent article by the Washington Post, President Ellen Johnson-Sirleaf of Liberia talks talks about the effectiveness of aid in Africa, and how it has helped several countries combat poverty. Africa has been making significant progress over the past few years, and further development assistance from rich countries would help advance the progress.

"The citizens and leaders of donor nations should recognize how important their assistance has been to the new leadership in Africa and how appreciative most Africans are for this partnership. Critics say that African economies are shrinking, that poverty is rising and that failing aid is the culprit. But this argument is at least a decade out of date. Africa's turnaround is real, the evidence indisputable. Africans themselves have been the key to this reversal, but more effective aid has played an important role. Reducing aid would slow private-sector growth, stall poverty reduction, and undermine peace and stability in countries that are struggling to become part of the global economy.

It would be a cruel irony if, just as Africa began to succeed, its prospects were cut short by a crisis beyond its control. Strong action by African governments and robust support from the international community can keep Africa's recovery on track. Both should continue to do their part."

Full article here.