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The Challenge of Corruption in Foreign Aid Projects

Recorded on October 19, 2005

Location: The Heritage Foundation's Lehrman Auditorium

Evidence of corruption in foreign aid projects has increased in recent decades. In fact, many experts argue that foreign aid actually perpetuates poverty by giving corrupt politicians in developing countries the resources to maintain their power, while condemning millions to live in miserable conditions with no hope for a better future. The Asian Development Bank, as many other development organizations, have the challenging task of reforming their lending practices to reduce corruption and to better the lives of the poor, not the ruling class. Will these banks be effective in reducing corruption?