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.

Addis Fortune, Ethiopia's largest English-language weekly, has published a new article. The piece is titled 'What Happens When Paid Work Disappears?'

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An opinion piece in Addis Fortune warns that US assistance to Ethiopia's health sector must not turn into a giveaway of sensitive data.

At the end of January, civil service employees in Addis Abeba noticed a deduction of half a percent from their net salaries for a new emergency fund. This affects the city's 168,000 public employees and was implemented without prior explanation. Officials describe it as a measure to finance disaster response under a regulation from April 2025.

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Italian Prime Minister Giorgia Meloni announced at the African Union Summit in Addis Ababa that Italy will allow African countries to suspend debt repayments during extreme climate events. This initiative forms part of a broader program to convert African debt into investments. The summit also addressed peace, security, and UN reforms.

 

 

 

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