Thursday, May 14, 2009

Aid again

"Dr Sarah Bracking from The University of Manchester says much of the billions of pounds worth of cash described by political leaders as aid are in reality loans, and have little benefit, she says, to the people who need help most of all.
“Over half of what is described as aid goes to the global south in the form of loans for private sector consultancy, technical assistance or works projects and the five richest countries can get up to 90 per cent of the business,“ said Dr Bracking.
“Poor countries, already up to their eyes in debt, are forced to pay it back at great cost to their citizens."

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