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Why Foreign Aid Failed In Sub-Saharan Africa

Abdow Bashir Ismail
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Abdow Bashir Ismail: Gazi University, Economic Development and Growth

No 263, EY International Congress on Economics II (EYC2015), November 5-6, 2015, Ankara, Turkey from Ekonomik Yaklasim Association

Abstract: In economic terms, foreign aid is viewed as a catalyst of an upward growth of Gross Domestic Product (GDP) of the recipient nation as it complements the domestic sources of finance to increase the amount of investment and capital stock. Over the years, many Sub-Saharan African countries have been receiving huge amounts of foreign aid to enhance economic growth and reduce poverty. However, the poverty reduction rates have been disappointing to raise doubts on the effectiveness of foreign resulting in a chain of debates among experts. It’s believed that, most ineffectiveness of foreign aid is as a result of poor governance, poor institutions setup, and lack of political goodwill as well as poor aid delivery process. This paper attempt to shed light on how domestic government practices and foreign aid delivery processes have became a hindrance to achieve progress in the war against poverty reduction in Sub-Saharan African Countries.

Keywords: Aid; Economic Development; Sub-Saharan Africa; Developing Countries (search for similar items in EconPapers)
JEL-codes: E23 F35 H54 O19 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2015
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