The Hudson Institute has just released its new Index of Global Philanthropy. The report makes an important point: U.S. private charitable flows to developing countries are on the rise and can do much good. In a world with the Gates, Turner, Hewlett, Soros and other foundations doing plenty of good things, it is a point worth making. But this new index is flawed in crucial ways.
CGD Policy Blogs
Think about the plight of many of the poorest countries in the world: Governments may know that long-term national prosperity depends on getting children into school, teaching them well, and keeping them there until they’ve mastered reading, writing and arithmetic. But the social returns aren’t likely to come for more than a decade, when the six-year-olds of today enter the labor market.
Yesterday, an umbrella group of European non-governmental organizations (NGOs) issued “EU Aid: Genuine Leadership or Misleading Figures?” (pdf), which “blow[s] the whistle on official aid statistics revealing just how misleading they really are.”
They argue that the billions of euros in recent debt cancellation for Iraq and Nigeria are not aid: