Private sector loomed large in development debate

Embassy magazine

Ally Foster
December 12, 2012

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Poverty reduction is meant to be the driving force behind development projects— whether it’s building schools, improving agricultural capabilities, or bolstering a health-care system. But what happens when donor countries face their own economic hardships? As seen by the widespread economic slump that continued into 2012, development assistance can be one of the first areas cut. The Canadian International Development Agency is staring down $319 million in budget cuts over the next three years as part of this year’s federal budget. A November report by the parliamentary budget officer predicts that low income countries will take the brunt of the …

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