In 2005, the Group of Eight summit, world leaders agreed to help the poorest countries' debt and to double aid to Africa by 2010. Announcement raised the question of whether the debt relief would actually help the poor. By studying past trends and policies of multilateral institutions such as the International Monetary Fund and the World Bank, the case is also questioned whether aid can allow poor countries to break their cycle of poverty and / or as an aid to be used effectively. "Hide
by Laura Alfaro, Eric Werker, Renee Kim Source: Harvard Business School 29 pages. Publication Date: April 13, 2007. Prod. #: 707029-PDF-ENG
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