Eritrea enters 2011 without US Financial Aid

USAID

Madote.com

According to the U.S. Department of State, Office of Foreign Assistance, Eritrea is the only African nation that has not requested US aid for the fiscal year of 2011.

In keeping with its self-relaince policy, the government of Eritrea stopped requesting any financial assistance from the United States since 2005, and fully cut-off all third party NGOs that were financially sponsored by the United States after 2006.  

According to the Eritrean government, it firmly believes that foreign assistance breeds a culture of dependency that shackles African countries into a cycle of poverty.

Moreover, a growing number of economic experts are now taking the same position as Eritrea’s government by suggesting aid to Africa is doing more harm than good. Economist such as Dambisa Moyo argues aid to Africa is making African countries poorer. Moyo, who has a Doctorate in Economics from Oxford University, and a Masters from Harvard’s Kennedy School of Government, believes foreign aid is “easy money that fosters corruption and distorts economies, creating a culture of dependency and economic laziness” (ABC).

The following chart below shows the top 10 highest aid recipients from the United states. Please keep in mind, these figures are only from the United States, and do not include other European and Eastern nations that contribute substantially to their yearly fiscal budgets.

Rank Nations US Assistance
1 Egypt 1,558,000,000
2 Kenya 713,951,000
3 Nigeria 647,748,000
4 South Africa 586,350,000
5 Ethiopia 583,519,000
6 Tanzania 549,622,000
7 Uganda 480,302,000
8 Sudan  439,979,000
9 Mozambique 415,071,000
10 Zambia  408,760,000

Chart Source: Organization for Economic Co-operation and development

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8 responses to “Eritrea enters 2011 without US Financial Aid

  1. I guess the policy is working, if not Eritrea wouldn’t have been the fastest rising economy in Africa. Number one without financial aid is a lesson for African countries to learn and that is why the usaid hates the Eritrean policy.

  2. I guess the policy is working, if not Eritrea wouldn't have been the fastest rising economy in Africa. Number one without financial aid is a lesson for African countries to learn and that is why the usaid hates the Eritrean policy.

  3. ERITREA IS A GOOD EXAMPLE TO ALL AFRICAN COUNTRIES.
    AND I TRUST OUR LEADERS TO MAKE ERITREA A SMALL BIG COUNTRY.
    HENCE THEY WILL NOT FORGET THEIR BROTHERS’ BLOOD.
    WHAT WE NEED FROM OTHERES IS TO LEAVE US TOO WORK HARD.
    EVEN IF OUR LEADER MAKES A MISTAKE,WE WILL PRAY FOR HIM NOT TO DO.

  4. ERITREA IS A GOOD EXAMPLE TO ALL AFRICAN COUNTRIES.

    AND I TRUST OUR LEADERS TO MAKE ERITREA A SMALL BIG COUNTRY.

    HENCE THEY WILL NOT FORGET THEIR BROTHERS' BLOOD.

    WHAT WE NEED FROM OTHERES IS TO LEAVE US TOO WORK HARD.

    EVEN IF OUR LEADER MAKES A MISTAKE,WE WILL PRAY FOR HIM NOT TO DO.

  5. This is the product of the Eritrean President and his people. Don’t you think he would have been the best friend of the US if he had forgotten his country? Don’t you also think that the president could be better off for hmself, like the other African leaders, if he had complied with all Western orders to benefit them?

  6. This is the product of the Eritrean President and his people. Don't you think he would have been the best friend of the US if he had forgotten his country? Don't you also think that the president could be better off for hmself, like the other African leaders, if he had complied with all Western orders to benefit them?

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