Are overseas aid transfers an effective means of fighting poverty?
As with other social disciplines, that of poverty continues to be at the center stage of practically all the international donor agencies as well as the rich nations of the world. This is also evidenced in the most affected group of countries around the world, which include amongst other the Sub-Sahara countries of Africa in particular, and the third world in general. Though there have been stringent efforts on the part of organizations such as the International Monetary Fund (IMF), the World Bank, and the different organizations within the United Nations, there is little evidence to suggest that overseas aid transfers have indeed benefited or have served to reduce poverty. On the contrary, majority of the studies carried out by the said organizations, as well as results of different aid programmes in equally varied group of countries around the world have revealed that overseas aid transfers have in fact failed to reduce poverty. At the most, overseas aid transfers through different i
