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Aid cannot make poor countries rich

by Euro Times
March 9, 2025
in Finance
Reading Time: 1 min read
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The capital of Malawi, one of many world’s poorest international locations, runs on help. A metropolis constructed within the Nineteen Seventies by the World Financial institution, Lilongwe’s straight streets are crammed with charities, growth companies and authorities places of work. Casual villages home cooks and cleaners for overseas officers; the doorway to every is marked with the flag of its nationwide sponsor. Over the previous 5 a long time, policymakers have reached a division of labour: Britain funds colleges, Japan backs power tasks, Europe helps agriculture and Eire nurtures a cottage business of justice activists. Within the well being ministry, maintained with Chinese language cash, doorways are labelled by donor, not division. Many learn “USAID”.



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