“Some argue that, because a large share of the world’s poor live in middleincome countries, the donor community should rethink how funding is directed”
I agree. And yet, according to the World Bank’s World Development Indicators, India’s poverty rate, at 21.9%, is less than half that of Sub-Saharan Africa’s 44.4% rate – meaning that money is nonetheless better spent helping poorer countries in the region. The solution for countries like India is to find better ways to redistribute their wealth, so that more of their citizens can benefit from it.
Wealthy countries have more options to help their poor. India, in particular, has access to other sources of development finance, including the International Bank for Reconstruction and Development, the newly launched Asian Infrastructure Investment Bank, and the BRICS’ New Development