The age of aid ends as crises mount, donors turn away

As global crises intensify, international donors are turning away from aid, signaling the end of the aid era.

This report from Addis Fortune, an Ethiopian business news outlet, discusses the shift in international aid dynamics. The featured article indicates that donors are withdrawing support amid escalating global crises, ushering in the end of the traditional aid period. Published under featured content on November 16, 2024, it highlights changes in donor priorities and economic focuses. As the largest English weekly in Ethiopia, Addis Fortune provides insights into how these developments impact aid-dependent economies. The title underscores the mounting pressures leading to this donor retreat.

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Illustration of Sweden redirecting foreign aid from five poor countries to war-torn Ukraine, amid controversy.
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Sweden phases out aid to five countries in favor of Ukraine

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The government has decided to phase out bilateral aid to Bolivia, Liberia, Zimbabwe, Tanzania, and Mozambique to instead support Ukraine. Aid Minister Benjamin Dousa justifies the decision with Ukraine's urgent needs, but it faces strong criticism from aid organizations and the opposition. Critics warn that poor countries and democracy projects are being abandoned.

An opinion piece portrays Ethiopia aid as a noble idea at first, but Shiferaw highlights concerns over its financing.

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A commentary in Addis Fortune argues that well-implemented aid addresses challenges in Ethiopia rather than exacerbating them. The piece emphasizes the importance of effective aid delivery in the country's development context.

A fresh warning from disaster authorities signals trouble ahead for millions of people in Ethiopia. The Bega season has delivered below-normal rainfall across key regions, leading to rising food insecurity in 12 districts. Officials warn that this could impact over 10 million people as crops and pastures wither.

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Sudan’s war has turned El Fasher into the epicenter of the world’s largest humanitarian crisis, with about 30 million people now in need of aid. After months under siege, the Rapid Support Forces seized the city this fall, sending tens of thousands toward Tawila as malnutrition and disease surge.

The International Monetary Fund has reached a staff-level agreement with Ethiopia on the fourth review of its $3.4 billion Extended Credit Facility arrangement. This agreement paves the way for a $261 million disbursement, bringing total financial assistance to $2.13 billion. The IMF urged continued forex reforms and fiscal discipline to support economic stability.

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The Palestinian NGO Network called for urgent intervention from the UN and other international institutions to alleviate the grave humanitarian crisis in the Gaza Strip, devastated by two years of Israeli attacks.

 

 

 

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