Aid and debt relief won't help Africa

IPN Opinion article

Sending billions in aid to Africa is like pouring water "into leaky bowls," says the head of an African pro-market think-tank.

"It is laughable to assume that just writing off poor country debts will stop the inefficiency and corruption," said Franklin Cudjoe, head of Ghana-based Imani, who argues that aid bolsters corrupt governments. Forgiving debts just frees up more money for inefficient pet projects aimed at political popularity, he maintains.