Case Study: Aid, debt relief and trade: an agenda for fighting world poverty
| Title |
Aid, debt relief and trade: an agenda for fighting world poverty |
| Author |
Alfaro, L; Werker, E; Kim, R |
| Pages |
29 |
| Product Type |
|
| Reference # |
9-707-029 |
| Teaching Note |
5-707-049 |
| Institute |
Harvard Business School |
| Setting |
Africa |
| Year |
2007 |
| Keywords |
Debt management; Developing countries; Economic conditions; International trade; Macroeconomics; Non-profits |
| Summary/Abstract |
At the 2005 Group of Eight summit, world leaders agreed to relieve the world's poorest countries' debt burden and double aid to Africa by 2010. The announcement raised questions whether debt relief would really help the poor. By examining past aid trends and policies of multilateral institutions, such as the International Monetary Fund and the World Bank, this case also questions whether aid can allow poor countries to break their vicious cycle of poverty, and / or how aid can be used effectively |
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