Tuesday, December 28, 2010

Foreign Aid and Corruption

I have posted a few times (here and here and here) on the effectiveness of foreign aid in general and in Nepal. Most recently I wrote about it in the Op-Ed forThe Kathmandu Post (CLICK HERE). Most of these posts relate to the systemic issues with foreign aid, however, I do think that corruption adds to the ineffectiveness of foreign aid. This news article (CLICK HERE) published on MyRepublica points out  that "a report of Ministry of Finance says that the level of corruption in the country has increased over the last 10 years and it has gone on to hurt the development results badly. Rise in corruption has mainly led to reduced cost effectiveness and efficiency of the development programs, states the Nepal Country Evaluation Report of the Paris Declaration that the national evaluation team submitted to the government recently."

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