Is dependence on foreign aid here to stay?

Third World countries, which were the hardest hit by the global recession that was worsened by a precipitous fall in all the major stock markets and commodity prices, still continue to face a macro-economic framework and inflation crisis that has consigned millions to poverty and dependence on foreign aid.

But the good news is that concrete steps are being taken by these least developed nations, working together with the Brentwood Institutions - the International Monetary Fund (IMF) and the World Bank - to address inadequacies in economic resource management framework which have reduced returns from programmes implemented so far.

An IMF delegation was recently in Zambia reviewing the Extended Credit Facility (ECF) for the fifth time to help boost the country's economic growth, which now stands at 5.5 percent, and reduce poverty levels.  

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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