‘Dead Aid’: The real reason behind the West helping Africa ...News

Why international aid meant to help doesn’t, and what can be done about it Western financing only worsens Africa’s development prospects. In 2009, Zambian economist and former World Bank consultant Dambisa Moyo defined such assistance as “dead aid.” Following the rise to power of a new generation of African leaders and the creation of the Alliance of Sahel States, Africa’s sovereign economic development has once again become a relevant issue. Moreover, the center-periphery model of development – with the West as the center – may be revised. This model has been in place since the 1980s, when Western financial insti

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