Thursday, September 25, 2008

Economists warn of 'aid fatigue' in meeting UN development goals


A group of European economists Friday called on rich donor countries to resist "aid fatigue" or risk failing to meet the UN Millenium Development Goals for global poverty reduction.

"There is ... aid fatigue in developped countries, this problem is more pronounced in some countries that in others," former World Bank chief economist Francois Bourguignon said in Brussels.

"In many countries people doubt ... the effectiveness of aid, having the feeling that they already gave too much in the past," he added, presenting a report by a group of economists that he leads.

"Moreover because the budgetary situation is not very favourable, they are against the view that more should be done."

See full Article.