Foreign Aid Sources

Over the past decades, African countries have been forced by external debt burdens to undertake painful economic adjustments while devoting scarce foreign exchange to debt-service payments. On the other hand, African countries have experienced massive outflows of private capital towards Western financial centers. Indeed, these private assets surpass the continent’s foreign liabilities, ironically making sub-Saharan Africa a “net creditor” to the rest of the world.  read more »

Although it proudly lays claim as the second oldest republic in the Hemisphere, and the only nation whose slave population defeated a colonial power to become free,Haiti is, and has been, among the worst governed and most undemocratic states. Few places in the world, and no places in the Western Hemisphere, are poorer than Haiti.This paper2 explains why, after consuming billions in foreign aid over three decades, and hundreds of millions specifically for governance and democratization programs, not to mention billions for other programs, Haiti remains politically dysfunctional and impoverished.  read more »

All spin and no substance: Bill C-31 is a devious bill drafted to convince the public that EDC is doing something to protect the environment while, in fact, EDC is frustrating efforts to stop its environmentally-damaging activities.  read more »

In clear, uncompromising language the book explains where progress went wrong and the remedies needed to prevent foreign aid from doing more of the same in the future.  read more »