Wednesday, May 7, 2008

South Centre in Media: Aid and charity is wrong for Africa

Quoted from Ghana News, Joy Online.

UNCTADXII/Accra. An International Economist has said “aid and charity are the wrong way towards addressing the systemic challenges and development issues in Africa.”

Dr. Yash Tandon, Executive Director of the Geneva based South Centre, an intergovernmental organisation of developing countries made the statement during the general debate at the conference.He, therefore, called on UNCTAD to lead the way in finding ways and means of exiting from aid dependence for countries in the South, especially Africa.

Dr Tandon noted that though there were areas of development in the South that gave reasons for celebration “we are still confronted with major challenges at the systemic level of the world economic order that hampered the development of the South despite so much aid from the North.”

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