Don't Lose Hope on Beating Poverty

August 1, 2012

The National

CFSP member Abhijit Banerjee spoke before the Crown Prince of Abu Dhabi, Sheikh Mohammed bin Zayed's majlis, stating that donors should not be discouraged by ongoing poverty in the developing world. He acknowledged that aid campaigns have occasionally made promises that they could not deliver on, but Banerjee also encouraged the audience to think about foreign aid in the context of aiding individuals rather than ending poverty. He also advocated for a greater emphasis on the prior successes of foreign aid as well as the contribution of intellectual capital by donors.