Title: Problems and Prospects of Foreign Aid Programs in the Togolese Republic
Authors: Amanawa, David Ebiegberi and Lawson, Ajeminayanate
Volume: 6
Issue: 5
Pages: 38-43
Publication Date: 2022/05/28
Abstract:
Donors, policymakers, and scholars have been debating the usefulness of foreign aid in fostering economic growth. On the one hand, foreign aid can encourage development and investment by bridging the savings and foreign exchange gaps. Foreign aid, on the other hand, may have a negative impact on growth and investment due to disincentives and morally hazardous issues associated with the strategic interactions between donors and recipients, particularly the Dutch Disease's negative impact on the tradable sector and the economy's competitiveness. In this article, we look at the notion of foreign aid, as well as the issues that come with it and its long-term prospects.