OP-ED | How Should Africa Respond to Foreign-Aid Cuts? By Ifeanyi Nsofor - African Newspage | Reporting Africa’s Development

Foreign Aid Cuts - Clark Center Forum

In 1970, more than half a century ago, the United Nations General Assembly passed resolution 2626 committing economically advanced countries to spending 0.7% of their gross national income (GDI) to official development assistance (ODA) by 1975.  Few countries ever actually met that target. And this year both the United States and the United Kingdom have announced further cuts in foreign aid spending. The OECD’s most recent figures – released thi…

OP-ED | How Should Africa Respond to Foreign-Aid Cuts? By Ifeanyi Nsofor - African Newspage | Reporting Africa’s Development

Ifeanyi Nsofor says current wave of aid cuts in the United States and Europe, along with the resulting financial crisis, should serve as a wake-up call for African countries to take charge of their futures, in part by leveraging the potential of foreign remittances to build resilient and self-sufficient health systems. A global storm is gathering – and Africa is directly in its path. Under President Donald Trump, the United States has frozen $4…