Scandal of 'phantom' aid money
http://www.guardian.co.uk/debt/Story/0,2763,1493584,00.html
Larry Elliott, economics editor
Friday May 27, 2005
The Guardian
Well-heeled consultants and companies in the west are the beneficiaries
of a global aid system which results in less than 40p in every pound
helping to eradicate poverty in the developing world, according to a
report out today.
Just over a month before Britain will make a doubling of aid a
centrepiece of the Gleneagles summit, the charity ActionAid said the
bulk of the money currently allocated was wasted, misdirected or
recycled within rich countries.
Larry Elliott
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