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date: 19 October 2019

Abstract and Keywords

Some authors have stressed the importance of aid in boosting growth, given that poverty levels in most aid recipient countries (particularly sub-Saharan Africa) have continued to worsen in the presence of increasing aid, others have questioned the relevance of aid in enhancing growth. The chapter briefly looks at the trend in aid by the major donors to Africa and the aid architecture in Africa. This is followed by a presentation on the varying arguments in this controversial topic by looking at some issues raised in the development discourse. Given that aid is viewed as a “cultural good” in Africa such that some governments are even evaluated based on their ability to attract aid inflows, a clear consequence of the financial crisis is that many donors have sent signals of cutting down aid which obviously a wake-up call for aid dependent economies (particularly Africa) to look for alternatives sources of finance.

Keywords: aid, growth, trends, financial crisis, Africa

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