Less than 50% of Foreign Aid goes to Poor Countries

A recent report sponsored by Action Aid and Oxfam reveals that less than half of foreign aid gets spent in the poorest countries, and only 10% is spent on basic services.

40% of aid is tied to overpriced goods and services from the donor countries.

By contrast, private philanthropy can place well-targeted aid right at the grassroots and can fuel local initiatives that address local needs, bypasses bureaucratic channels and political dead-ends, and arrives with few strings attached.