Posted: Sunday, January 4, 2009 by
Masroor
Of the average $50 billion a year in aid provided by the G7 countries – Canada,
France,Germany, Italy, Japan, UK and the United States – only about 40 per cent of the
money is spent in poor countries; the rest of it is “tied” to purchases of G7 goods and
services and is spent in the wealthy countries themselves. Even then, much of the aid
is late in arriving
Business / Business