ForeignAidHurting Africa.docx

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Department
Political Science
Course
Political Science 3314E
Professor
Radoslav Dimitrov
Semester
Summer

Description
WHY IS FOREIGN AID HURTING AFRICA – READINGS  United nations is mandated to promote socially and environmentally sustainable towns and cities with the goal of providing adequate shelter for all  The insidious aid culture has left African countries more debt-laden more inflation- prone e and more vulnerable to the vagaries of the currency markets and more unattractive to higher-quality investment  Aid is unmitigated political, economic and humanitarian disaster  Provide band-aid solutions to alleviate immediate suffering, cannot be the platform for long-term sustainable growth  African countries still pay close to 20 billion in debt repayments per annum  No serious efforts have been made to wean Africa off this debilitating drug  Rampant corruption – World Bank had participated in the corruption of roughly 100 billion of its loan funds intended for development  A nascent economy needs a transparent and accountable government and an efficient civil service to help meet social needs  The aid system encourages poor-country governments to pick up the phone and as the donor agencies for nex
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