Wednesday, April 17, 2013

Remittances to Africa from the diaspora surpass traditional western aid

Africans are helping themselves more than aid workers are, according to new research.

Analysis of cash flows by Hong Kong-based Ghanaian academic Adams Bodomo shows that Africans living outside the continent send more money home to their families than is sent by traditional Western aid donors in what is called Official Development Assistance (ODA).

In 2010 - the most recent year for which meaningful comparisons can be made, according to Mr Bodomo - the African diaspora remitted

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