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The Asset ObserverThe Asset Observer
Home»Economy
Economy

Aid cannot make poor countries rich

News RoomBy News RoomMarch 7, 2025
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The capital of Malawi, one of the world’s poorest countries, runs on aid. A city built in the 1970s by the World Bank, Lilongwe’s straight streets are filled with charities, development agencies and government offices. Informal villages house cooks and cleaners for foreign officials; the entrance to each is marked with the flag of its national sponsor. Over the past five decades, policymakers have reached a division of labour: Britain funds schools, Japan backs energy projects, Europe supports agriculture and Ireland nurtures a cottage industry of justice activists. In the health ministry, maintained with Chinese money, doors are labelled by donor, not department. Many read “USAID”.

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  • Binding Agreement Signed with HAS
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  • Contemporary Istanbul fair director urges Turkish art to remain ‘radical and clever’ in face of political tension – The Art Newspaper
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Aurum hits 1m @ 152.35 g/t gold from 96m at Boundiali Gold Project, Côte d’Ivoire

September 29, 2025

Contemporary Istanbul fair director urges Turkish art to remain ‘radical and clever’ in face of political tension – The Art Newspaper

September 27, 2025

‘There’s no fudging. She deserves to win’: critics react as Turner Prize 2025 opens – The Art Newspaper

September 27, 2025

Thaddaeus Ropac is betting on Milan—will it pay off? – The Art Newspaper

September 27, 2025

Sydney Contemporary art fair sees fourth year of decline in sales – The Art Newspaper

September 27, 2025
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