stato
New Member
Eritrea is a tiny country in the horn of Africa, not more than a 45,400 square mile sliver of land between big Sudan, Ethiopia and facing bigger Saudi Arabia across the Red Sea.
But what this small country of barely 5 million has done in relation to its bigger continental neighbours, both near and far, is astounding in the history of modern post-colonial Africa: it has refused foreign aid. The first African country to do so.
For a continent that is entirely in the developing economic bracket, which relies in large part on foreign aid from the developed world to shore up its capital budgets, and even more from private donors, it comes as a surprise that little Eritrea is bucking a practice, often necessary but largely wasted by recipients in a lot of cases, that other low HDI (Human Development Index) countries, in and out of Africa, have embraced.
Read more via The Sun News – https://ift.tt/2JmZNTE
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But what this small country of barely 5 million has done in relation to its bigger continental neighbours, both near and far, is astounding in the history of modern post-colonial Africa: it has refused foreign aid. The first African country to do so.
For a continent that is entirely in the developing economic bracket, which relies in large part on foreign aid from the developed world to shore up its capital budgets, and even more from private donors, it comes as a surprise that little Eritrea is bucking a practice, often necessary but largely wasted by recipients in a lot of cases, that other low HDI (Human Development Index) countries, in and out of Africa, have embraced.
Read more via The Sun News – https://ift.tt/2JmZNTE
Get more World News
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