Aid: Unpredictable, fragmented and welfare-oriented

In the absence of stronger private capital flows to Africa, aid can and has contributed to narrowing the external financing gap. It has also successfully done so in other regions, most notably and famously in post-war Europe in the form of the Marshall Plan. Nonetheless, the net, long-term, actual contribution of aid to development has been controversially debated for decades.

Related Subject(s): Economic and Social Development