Good governance will bolster African aid
Wednesday, June 03, 2009
I have long argued that it is investment and good governance, not aid, which will solve Africa's problems. However, effective aid has an important role to play in the quest for sustainable economic growth and poverty reduction.
In her book, Ms Moyo suggests that government bonds can take the place of development assistance. This is unrealistic. First, debt markets are not open to the African countries that most need capital. Second, the cost of government bonds is materially higher than that of World Bank or other institutional aid. Why should African governments pursue a detrimental line of financing to satisfy an ideologically-led approach to development?
It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...