The World Bank has issued a new report that says foreign aid is more effective today at reducing poverty than ever before.
The study is entitled: “The Role and Effectiveness of Development Assistance.” It’s being released prior to the “International Conference on Financing for Development,” which begins March 18th in Monterrey, Mexico.
It says, "Despite some significant setbacks, overall progress has been remarkable and that aid has often helped to underpin success." Furthermore, the study says, "People in developing countries are much healthier and better educated today than they were 50 years ago." For example, life expectancy at birth in developing countries has increased by 20 years.
Ian Golden is director of development policy at the World Bank. He told English to Africa reporter Joe De Capua that foreign aid is increasingly a catalyst for change.