Friday, 16 September 2011

Sharp fall in poor countries' dependency on foreign aid

Aid dependency among 54 of the world’s poorest countries has declined by a third over the last decade, according to a new report from ActionAid. The Real Aid 3 report also reveals that since 2006 there has been an increase in good quality aid – real aid – from 51 per cent to 55 per cent.

Some of the world’s poorest countries are now far less reliant on aid than 10 years ago. For example Ghana has reduced its dependency on foreign aid from 46 per cent to 27 per cent, Mozambique from 74 per cent to 58 per cent and Rwanda from 86 per cent to 45 per cent.

Source: ActionAid