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Foreign Aid Greatly Exaggerated, Says New Study

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  • George Lessard
    Foreign Aid Greatly Exaggerated, Says New Study A 2005 report indicates that the world s richest nations greatly exaggerate their aid to economically poor
    Message 1 of 1 , Dec 31, 2005
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      Foreign Aid Greatly Exaggerated, Says New Study
      A 2005 report indicates that the world's richest nations greatly
      exaggerate their aid to economically poor countries. In total, 'real
      aid' in 2003 accounted for US$27 billion, or 0.1% of combined donor
      income. Nearly 90% of all contributions from the USA and France are
      considered phantom aid (diverted for other purposes).
      http://www.comminit.com/baseline/baseline2005/baseline-461.html
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