n South African Journal of Economic and Management Sciences - Foreign aid and poverty reduction in Sub-Saharan Africa : a cross-country investigation
|Article Title||Foreign aid and poverty reduction in Sub-Saharan Africa : a cross-country investigation|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Author||Gafar T. Ijaiya and Muftau A. Ijaiya|
|Publication Date||Sep 2004|
|Pages||542 - 552|
ISI Social Science
The continuous increase in the rate of poverty in Sub-Saharan Africa can be linked to the inadequate management and use of international financial assistance such as foreign aid. Using a cross-country data, this paper examines the relationship between foreign aid and poverty reduction in Sub-Saharan Africa (SSA). The result obtained indicates that foreign aid has no significant influence on poverty reduction in SSA, because of the countries' weak economic management evidenced by high levels of corruption, bad governance, and political and economic instability. To improve the performance of foreign aid directed at poverty reduction, the paper suggests the implementation of measures directed at good governance, macroeconomic and political stability.
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