2005-06-30

Phantom Aid

John Samuel, Asia director of ActionAid International:

"In 2003, total aid announced by developed countries was $65 billion of which $50 billion was (pledged) by the G7," Samuel said. "How much money actually reached the receivers? Only $27 billion, or just 0.1 percent of the countries' combined national income," Samuel said, while releasing "RealAid", a report on the status of global aid mechanisms.

"For the United States and France, two of the world's largest donors, almost 90 per cent of their contributions are phantom aid."

No comments: