Saturday, April 25, 2009

Aid Needs to Increase


There has been a 10% increase in foreign aid over the last several years. Unfortunately, the amount of aid currently given still represents just 0.3% of national income, the same level as in 1993. According to Oxfam's Head of Development Finance, Max Lawson, "Rich countries can come up with the money when they want to. AIG’s executive bonuses alone could have paid for enough teachers for 7 million children in Africa." With these numbers, achieving the MDGs before 2015 will definitely not be an easy task. Rich countries will need to implement significant increases in aid levels to meet the promises they've made.
Source: Oxfam

Friday, April 24, 2009

Sanitation Improvement Project

A lack of sanitation throughout impoverished countries can lead to severe cases of cholera and other diseases. Practical Action has been working to solve this issue by improving local conditions.


Source: PracticalAction.org

Thursday, April 23, 2009

Increased Funding to Feed Children


Several weeks ago, U.S. Agriculture Secretary Tom Vilsack announced that the US would be spending an additional $80 million to fund four projects to feed children in Africa. This funding is in addition to the $95.5 million allocated in December. All together, the programs are expected to feed 4.2 million children in 19 countries.
Source: Reuters

Wednesday, April 22, 2009

Expanding Microfinance


Microfinance has proven to be very effective in helping individual families rise out of poverty. With a small loan provided by other people through organizations such as kiva.org, an individual or group of entrepreneurs can start a small business. They repay the loan with their profits, and earn enough money to help feed their families. The success of this strategy has sparked has sparked an interest in microfinance on a larger scale, "growth finance." Instead of small loans to individuals, growth finance would provide loans between $50,000 and $1 million to entreprises in developing countries in hopes that it would help lift the country out of poverty. Last month, a conference was held to discuss the possibility of carrying such an ambitious project. Read more about it here.

Tuesday, April 21, 2009

DC, Here We Come!


Earlier this week, The Borgen Project founder and president, Clint Borgen, arrived in Washington DC to meet with various congressional leaders and senators. With over 80 meetings on the agenda, Mr. Borgen will be promoting the Global Food Security Act and the Newborn Child and Mother Survival Act. He will be speaking on behalf of the world's poor, and encouraging our country's leaders to make poverty alleviation a bigger priority. Follow us on Twitter for updates throughout the week.

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.

Sunday, April 19, 2009

Peanut Butter Business


A group of four women in Zimbabwe decided that buying peanuts from local farmers and grinding them into butter would not only provide them with a great business opportunity, but it would give their community access to a cheaper source of the nutritious supplement. Starting a business in a developing country is difficult for numerous reasons, but this didn't stop the group of entrepreneurs. With the help of Practical Action, they were able to write a business plan and take out a loan. They quickly made a profit to repay the loan, and this enabled them to grow and get better equipment. Thanks to their new peanut butter business, these four women have financial stability, savings, and can now provide a better quality of life for their families.
Source: Practical Action