Book contents
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Chapter Eleven Recent Trends of Foreign Aid to Africa
- Chapter Twelve What Goals for Foreign Aid?
- Chapter Thirteen How to Channel AID for it to be Effective
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Chapter Eleven - Recent Trends of Foreign Aid to Africa
from Part Four - Foreign Aid and African Economic Policy
Published online by Cambridge University Press: 05 October 2014
- Frontmatter
- Dedication
- Contents
- Acknowledgements
- Introduction: Africa's Economic Growth Depends First of All on Good Economic Policy, Not on Foreign Aid
- Part One The Conceptual Fundamentals of a Systemic Economic Policy for Africa's Revival
- Part Two Goals and Instruments for a Systemic Economic Policy for Africa's Revival
- Part Three Globalization: Challenges and Opportunities for African Economic Policy
- Part Four Foreign Aid and African Economic Policy
- Chapter Eleven Recent Trends of Foreign Aid to Africa
- Chapter Twelve What Goals for Foreign Aid?
- Chapter Thirteen How to Channel AID for it to be Effective
- Part Five Some Successful Experiences of Economic Policy in Africa and Beyond
- Conclusion
- Notes
- Bibliography
- Index
Summary
Introduction
The beginning of the twenty-first century particularly appeared to offer sub-Saharan African countries a favorable context in terms of foreign aid. Actually, we seem to be witnessing a renewal of the commitment of donors in favor of an increase of assistance to Africa. We have never witnessed a situation of such optimism in the economic history of Africa. The level of generosity expressed by rich countries in favor of Africa seemed to be stronger than ever. In this chapter I will examine some of the major initiatives on aid, but particularly, I will prove that what mostly characterizes aid is the gap between pronouncements by donor countries and effective delivery.
New Initiatives Seem to Indicate a New Level of Solidarity of Rich Countries
Initiatives of the United Nations System
In September 2000, world leaders met in the United Nations Millennium Summit in New York. Here they adopted the Millennium Declaration to try to put the fight against poverty at the center of the development agenda of the international community, as well as aid to developing countries to assist them in this fight. This declaration set a total of eight goals to be attained before 2015 to speed up poverty reduction in the world. These goals, better known today under the appellation Millennium Development Goals (MDGs), target substantial progress in developing countries in fields as varied as the proportion of the population living with less than a dollar per day, hunger, primary education, maternal and child health, the fight against the HIV/AIDS pandemic, gender equality, access to drinking water and the environment (Box 11.1 below describes these goals).
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- Africa and Economic PolicySpeculation and Risk Management on the Fringes of Empire, pp. 183 - 194Publisher: Anthem PressPrint publication year: 2014