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Channel: Multilateral Development Banks (Foreign Aid) – Probe International
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Why foreign aid to Zimbabwe won’t work

(November 5, 2013) A Zimbabwe-based newspaper says greater accountability and transparency will help the country’s struggling economy, not foreign aid.  By Brady Yauch More foreign aid for Zimbabwe is...

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Aid in Haiti’s void

(January 17, 2014) Haiti’s post-earthquake disaster housing projects are either empty and looted, or taken over by squatters and people unaffected by the 2010 earthquake. Why? “There is a void…there is...

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USAID and Chinese state companies look to build white elephant

(January 24, 2014) USAID may join forces with Chinese state companies to build a controversial and uneconomic dam in the Democratic Republic of Congo. Continue reading →

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Fire on the water

(April 25, 2014) Lake Turkana, the world’s largest desert lake, has held water for at least five million years and is also known as the cradle of mankind for its abundance of hominid fossils, but may...

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MDB “knowledge” banks

Former IMF chief economist Kenneth Rogoff says "far too little attention has been devoted to understanding why multilateral development lending has so often failed". In his experience, MDBs are most...

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Oil-rich Nigeria is ready to implode. There’s one way to stop it

Nigeria doesn’t need bailouts; it needs to change its governance. Lawrence Solomon reports for the National Post.

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Aid is best spent in poor, well-governed countries. That isn’t where it goes.

This Economist piece doesn't mince words: foreign aid, it says, "is a mess in almost every way". Hard-won transparency in aid over the past decade has actually revealed "just how badly things are going".

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The resource curse comes to Mozambique

Hidden foreign aid to an incompetent and dishonest government is set to rob Mozambique of its gas treasure as no one can explain what happened to billions of dollars the country borrowed for a series...

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