Foreign Aid Greatly Exaggerated, Says New Study
- 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).