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January 18, 2005

Rich Countries Should Pony Up Cash Money to Cut Poverty

The United Nations Millenium Project released a report yesterday entitled "Investing in Devlopment: A Practical Plan to Achieve the Millenium Development Goals." It is 3,000 pages and based on the research of 265 pointy heads. Guess what their combined brain power figured out? More money would create more opportunity for the world's poorest people. I know you wish you were paid the big bucks to state the obvious, but you weren't smart enough to go into the business of telling poor people how to get less poor.

Some amusing bits from WaPo and NYT's reports:
1. Only 30 cents of every aid dollar reaches the poor.
2. The U.S. is the world's richest country and spends the lowest percentage of GDP on development aid - 0.15 percent
3. As many children die every month of malarie as died in the recent tsunami - 150,000 or more. Malaria is a preventable and completely treatable disease.
4. Oh yeah, eliminating crushing debt repayment (for the previous loans for the bogus free market approaches to poverty elimination sponsored by rich countries and Bretton Woods insitutions) would be helpful in achieving the current "goal" of halving extreme poverty in the world by 2015.

Posted by cj at January 18, 2005 10:12 AM

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