Beyond business as usual: Aid and financing education in Sub Saharan Africa
| Autor: | Keith M. Lewin |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
Sociology and Political Science
Economics media_common.quotation_subject Developing country Development Discount points Recession Article Education Credit rating 0502 economics and business Aid Revenue 050207 economics media_common Finance Sustainable development business.industry 05 social sciences 050301 education Debt service coverage ratio Capital expenditure Planning Africa business 0503 education |
| Zdroj: | International Journal of Educational Development |
| ISSN: | 0738-0593 |
| DOI: | 10.1016/j.ijedudev.2020.102247 |
| Popis: | Since 1990 and the World Conference on Education for All well over half a trillion dollars has been disbursed as aid to education with much of it targeted on low income countries especially those in Sub-Saharan Africa. Some of the beneficiaries of this aid have transformed their economies and their education systems to the point where they can act as fiscal states and finance their recurrent and capital spending on education from domestic revenue. But too many states have failed to make this transition and remain overly dependent on sequential waves of external assistance to reduce gaps between the finance available and what is needed. Grant aid is now unlikely to grow as COVID-19 related recession supresses donor spending. Concessional lending to countries with sub-prime credit ratings and high debt service ratios looks imprudent. The architecture and goals of external assistance need to change to focus on making better use of the resources that are available though much increased efficiency and effectiveness, and on ensuring domestic revenue is increased since this is the only pathway to sustainable development that avoids the infinite do-loop of using aid to fill gaps rather than to address their causes. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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