Group items tagged

Despite receiving more than $1 trillion from the west over the last half century, Africa remains in dire economic straits. Dambisa Moyo thinks aid is to blame and should stop now. She talks to Aida Edemariam

Money transfers from workers abroad to family back home have tripled in a decade and are three times larger than global aid budgets - Great for Paper 1

A UN representative has said relying on foreign aid to achieve the Millennium Development Goals did a disservice to Africa, and has called on African governments to find alternative funding sources and clean up their act

Learn how foreign aid reduces overpopulation, dependency on aid for impoverished countries, and makes a sustainable future for our planet.

On Dec 7th 2009 at 1.30pm GMT people in 156 countries all sang 'All You Need Is Love' to raise awareness of AIDS Africa. Starbucks will donate every time this is watched (up to a million times).

poss starter for mortality.

Food Aid Information System

"Factsheet Debt Relief Under the Heavily Indebted Poor Countries (HIPC) Initiative September 22, 2009 The Joint IMF-World Bank's comprehensive approach to debt reduction is designed to ensure that no poor country faces a debt burden it cannot manage. To date, debt reduction packages under the HIPC Initiative have been approved for 35 countries, 29 of them in Africa, providing US$51 billion in debt-service relief over time. Five additional countries are potentially eligible for HIPC Initiative assistance. Debt relief key to poverty reduction The HIPC Initiative was launched in 1996 by the IMF and World Bank, with the aim of ensuring that no poor country faces a debt burden it cannot manage. Since then, the international financial community, including multilateral organizations and governments have worked together to reduce to sustainable levels the external debt burdens of the most heavily indebted poor countries. In 1999, a comprehensive review of the Initiative allowed the Fund to provide faster, deeper, and broader debt relief and strengthened the links between debt relief, poverty reduction, and social policies. In 2005, to help accelerate progress toward the United Nations Millennium Development Goals (MDGs) , the HIPC Initiative was supplemented by the Multilateral Debt Relief Initiative (MDRI) . The MDRI allows for 100 percent relief on eligible debts by three multilateral institutions-the IMF, the World Bank, and the African Development Fund (AfDF)-for countries completing the HIPC Initiative process. In 2007, the Inter-American Development Bank (IaDB) also decided to provide additional ("beyond HIPC") debt relief to the five HIPCs in the Western Hemisphere. Two step process Countries must meet certain criteria, commit to poverty reduction through policy changes and demonstrate a good track-record over time. The Fund and Bank provide interim debt relief in the initial st

Satirical fundraising site for Norway due to the cold weather. Makes the point about stereotypes and development