Financial Mirror (Cyprus)

“There is one more mispercept­ion clouding donor countries’ judgment: the idea that aid to developing countries is an act of sheer generosity, with no tangible benefits for the donor. The truth is quite the opposite”

-

market failures, and to encourage more private-sector investment. And make no mistake: despite the tremendous gains of the last couple of decades, much work remains to be done to sustain progress on health and developmen­t.

More than a billion people still live on less than a dollar per day. Every year, more than three million babies die in their first month of life. Addressing these and other enduring problems – part of the ambitious set of health and developmen­t targets that United Nations has set for 2030, as part of the Sustainabl­e Developmen­t Goals – would be all but impossible without the continued delivery of developmen­t aid.

This is not to say that existing aid programmes are perfect. On the contrary, we must be vigilant about continuing to improve them. But complaints that aid money is not being used as effectivel­y as it could be greatly exaggerate the problem. The truth is that, thanks to extensive experience designing and implementi­ng cost-effective aid programs, poorly used funds represent a tiny fraction of the total invested in aid.

The bigger problem is a lack of informatio­n. That is why those of us in the developmen­t field must work hard to improve communicat­ion with policymake­rs and the public, demonstrat­ing how developmen­t aid works and the progress it has facilitate­d.

Despite current uncertaint­ies, I am optimistic that progress in global health and developmen­t will continue. Having been involved in these areas for nearly two decades, at the UN and now at the Gates Foundation, I know that the case for developmen­t aid is clear and compelling. I believe the world will not turn its back on the historic challenge of reducing disparitie­s in global health, eliminatin­g extreme poverty, and building a more equitable and secure world.

Newspapers in English

Newspapers from Cyprus