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The Cruel Truth Has Been Revealed: More Money Is Being Sucked Out of Poorer Regions than the Amount of Support Actually Arrives
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The traditional aid-based development model is increasingly being replaced by a more transactional system based on trade and industrial policy logic, while Western donor countries, led by the United States, are cutting back on their aid, experts warned at an OECD conference. The debate is now centered on the fact that private capital will not automatically replace the loss of public resources, especially since many projects in Africa, Asia and L…
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