Bad aid makes things worse in Sahel
Why has development been unable to break the cycle of poverty in one of the poorest and environmentally damaged regions in Africa? Flawed aid, says a new report:
The short-term nature of many contracts in international development makes it difficult for staff members to develop profound and detailed understanding of the situation, and the management systems in development agencies do not demand such understanding.
Many aid initiatives are based on the shallow analyses […] and are almost always driven by externally imposed ideas of development. Notwithstanding the lip service paid to " participation", the majority of aid organizations develop their programmes on the basis of their own priorities and their own visions. In most cases there is an external analysis of what local people lack, and plans are designed to address this lack.
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From the Desk of Dr. Sidney Okolo…
One sees the good intention in aiding and helping African countries, but sorry to emphasis that in most of these countries, no one economic theory is sufficient. The application approach requires "all things being equal" in order to work perfectly. In most of these developing countries, all things are not equal due to bribery and corruption that are always added to the equation. So, added words such as “third party collateralization” need to be included in the equation in order to limit or reduce bribery and corruption. “Third party collateralization” represents independent model or theory developer. It may be mandatory for countries wishing to obtain loan or funds to use it as collateral to ensure successful completion of the expected projects.
The theory or model developer may be responsible for providing and implementing achievable projects, while under the supervision of World Bank representatives. If World Bank is interested in accomplishing projects for which funds are allocated in Africa, then it is appropriate that it sees to it that funds are distributed or lent accordingly. It is also irresponsible for World Bank to lend funds to these developing countries only to see incomplete and unachievable projects, and in turn leave these countries with huge debt that will further sink them in dipper hole. Most leaders in developing countries may reject this idea because it shuts off any room for embezzlement, venality, and waste, which is their main intent in applying for the loan or funds in the first place. In the end, the poor will be poorer, while the rich is richer.
Dr. Sidney Okolo
http://www.linkedin.com/in/ibaweb
Posted by: Dr. Sidney Okolo | Oct 9, 2007 12:42:53 PM