The global financial crisis had a devastating impact on both individual lives and livelihoods but also on the public sector’s ability to finance its commitments. Conversely, the rise of the BRIC economies and Africa’s emergence mean that aid is simply not needed in the same way, on the same scale, as it was before.

Available at: http://www.trust.org/item/20140417075826-k95xp/?source=hpeditorial