Cape Verde - Good governance = less aid
If you're new here, you may want to subscribe to my RSS feed or to email alerts. Thanks for visiting!
Interesting article on AllAfrica about Cape Verde. The country is very poor but has virtually no corruption and is doing well on the Human Development Index and Millenium Goals. But strangely all the good stuff that is happening there makes harder for Cape Verde to get aid and debt relief which it needs to solidfy past accomplishments in poverty reduction!
The economic progress Cape Verde has made as a result of stringent financial management, sound economic policies, and zero corruption ironically may affect the country’s eligibility for continued high level of development assistance. For example, Cape Verde is not eligible for the recent programs for debt relief decided by the G8 because we have always honored and serviced our national debts. Because we honor our commitments, Cape Verde is now compelled to spend more on servicing past debts than it does on education or health.
Popularity: 2% [?]
No Comments, Comment or Ping
Reply to “Cape Verde - Good governance = less aid”