04/11/2008
Poverty reduction is paramount to the present aid agenda. The renewed focus on poverty issues is a response to failures of aid strategies in the past, including the structural adjustment programmes, the huge build-up of debt in many developing countries, and the failure by many governments in the South to ensure welfare and prosperity for their citizens. New aid mechanisms have been arranged in a series of international agreements, including the Poverty Reduction Strategy Papers (PRSPs), the...