Dead aid to Africa's North-South Corridor?
DFID, the UK aid department, asked me to volunteer to come down here to Lusaka in Zambia to help “facilitate” the launch of the North-South Corridor project for which they and other donors have thus far raised $1.35bn.
It involved four presidents, the head of the WTO, a DFID minister, an EU commissioner, international banks, ministers from 26 countries in east, central and southern Africa (from Angola to Zimbabwe), and a thousand delegates.
Bit of a handful, you might say.
The event coincided with the Zambian economist (and former World Bank and Goldman Sachs banker) Dambisa Moyo’s book Dead Aid. I shall be interviewing her at the Hay Festival, intrigued to know whether she regards this $1.35bn to this infrastructural endeavour a total waste of money.
Her book is a provocative and important read. I hope to make a film sometime on the subject of this blog.