> Skip to content
FEATURED:
  • Our Transition to a Nonprofit
Sign In
  • Latest Articles
  • Advice
  • Opinion
  • Webinars
  • Data & Research
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
Sign In
  • Latest Articles
  • Advice
  • Opinion
  • Webinars
  • Data & Research
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
  • Latest Articles
  • Advice
  • Opinion
  • Webinars
  • Data & Research
  • Grants
  • Magazine
  • Store
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
    • Featured Products
    • Data
    • Reports
    • Collections
    • Back Issues
    • Webinars
  • Jobs
    • Find a Job
    • Post a Job
    • Find a Job
    • Post a Job
Sign In
ADVERTISEMENT
Opinion
  • Twitter
  • LinkedIn
  • Show more sharing options
Share
  • Twitter
  • LinkedIn
  • Email
  • Facebook
  • Copy Link URLCopied!
  • Print

Opinion: Investment, Not Aid, Key to Ending Poverty

July 14, 2015

As government, corporate, and nonprofit leaders gather in Ethiopia at a major meeting on funding global development efforts, a top United Nations official writes in The Wall Street Journal that investment is supplanting direct aid as the driver in eradicating poverty and building equitable societies in developing countries.

Grete Faremo, formerly Norway’s minister for development and now executive director of the U.N. Office for Project Services, notes that in 2013 Africa got $57 billion in foreign direct investment, $15 billion more than it received in official development assistance. “These numbers tell us that private capital, domestic and foreign, is a larger potential source than aid for investing in Africa’s future,” she says.

We’re sorry. Something went wrong.

We are unable to fully display the content of this page.

The most likely cause of this is a content blocker on your computer or network. Please make sure your computer, VPN, or network allows javascript and allows content to be delivered from v144.philanthropy.com and chronicle.blueconic.net.

Once javascript and access to those URLs are allowed, please refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.

If you continue to experience issues, contact us at 202-466-1032 or help@chronicle.com

As government, corporate, and nonprofit leaders gather in Ethiopia at a major meeting on funding global development efforts, a top United Nations official writes in The Wall Street Journal that investment is supplanting direct aid as the driver in eradicating poverty and building equitable societies in developing countries.

Grete Faremo, formerly Norway’s minister for development and now executive director of the U.N. Office for Project Services, notes that in 2013 Africa got $57 billion in foreign direct investment, $15 billion more than it received in official development assistance. “These numbers tell us that private capital, domestic and foreign, is a larger potential source than aid for investing in Africa’s future,” she says.

This week’s Third International Conference on Financing for Development in Addis Ababa “will call for more development aid, and it should. But it would be an enormous mistake to leave it at that,” Ms. Faremo writes. “Instead, the conference should lay the groundwork for a new order, in which aid facilitates sensible private investments and is used to reduce the risk of doing business in developing countries.”

ADVERTISEMENT

We welcome your thoughts and questions about this article. Please email the editors or submit a letter for publication.
AdvocacyFinance and RevenueGovernment and Regulation

Op-Ed Submission Guidelines

The Chronicle’s Opinion section is designed to spark robust debate about all aspects of the nonprofit world. We welcome submissions that provide new insights and promote innovative thinking about leadership, fundraising, grant-making policy, and more.
See details about how to submit an opinion piece or letter to the editor.

ADVERTISEMENT
ADVERTISEMENT
  • Explore
    • Latest Articles
    • Get Newsletters
    • Advice
    • Webinars
    • Data & Research
    • Magazine
    • Chronicle Store
    • Find a Job
    Explore
    • Latest Articles
    • Get Newsletters
    • Advice
    • Webinars
    • Data & Research
    • Magazine
    • Chronicle Store
    • Find a Job
  • The Chronicle
    • About Us
    • Work at the Chronicle
    • User Agreement
    • Privacy Policy
    • California Privacy Policy
    • Gift-Acceptance Policy
    • Site Map
    • DEI Commitment Statement
    The Chronicle
    • About Us
    • Work at the Chronicle
    • User Agreement
    • Privacy Policy
    • California Privacy Policy
    • Gift-Acceptance Policy
    • Site Map
    • DEI Commitment Statement
  • Customer Assistance
    • Contact Us
    • Advertise With Us
    • Post a Job
    • Reprints & Permissions
    • Do Not Sell My Personal Information
    Customer Assistance
    • Contact Us
    • Advertise With Us
    • Post a Job
    • Reprints & Permissions
    • Do Not Sell My Personal Information
  • Subscribe
    • Individual Subscriptions
    • Organizational Subscriptions
    • Subscription & Account FAQ
    • Manage Newsletters
    • Manage Your Account
    Subscribe
    • Individual Subscriptions
    • Organizational Subscriptions
    • Subscription & Account FAQ
    • Manage Newsletters
    • Manage Your Account
1255 23rd Street, N.W. Washington, D.C. 20037
© 2023 The Chronicle of Philanthropy
  • twitter
  • youtube
  • pinterest
  • facebook
  • linkedin