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Foreign aid a necessary evil
Foreign aid has become a necessary evil as it has been financing around 60 per cent of development programmes, according to experts.
The Political Sociology of Aid in Nepal
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Making Aid Data accessible to wider population
AAMN Research Report
Monetary Support Cancelled for Swaziland
30th May 2012
Date: 30th May 2012
Developing countries from time to time have been disappointed by various donors for lacking commitment and disbursement of aid amount. Recent news about Swaziland adds up to such records of the donors.
The liquidity problem in Swaziland has been further severe when the African Development Bank(AfDB) decided not to provide $100 million budget support it promised to disburse over three years. The AfDB had also cancelled a loan of $300 to Swaziland.
However such decision was taken due to Swaziland failure to cut down spending and meet the targets as agreed with International Monetary Fund.
The aftermath of such decision is yet to be witnessed, but for such economies multilateral donors should definitely come forward to inject liquidity in the country's economy.
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