Most International Aid Wasted, Say Agencies (US & Italy worst culprits) [View All]

[cthrumatrix]

Most International Aid Wasted, Say Agencies

Mon Feb 28, 8:49 AM ET World - Reuters


By Jeremy Lovell

LONDON (Reuters) - Red tape, inefficiency and nepotism mean that only one fifth of international aid actually gets to the people who need it, aid agencies said Monday.
snip

It accused the United States and Italy of being the worst culprits in so-called aid "round tripping," spending some 70 percent of their aid on their own companies.


"This is the ultimate form of round tripping -- taking with one hand what is given with the other while advertising your 'generosity,"' it said, noting that the inefficiency involved inflated procurement costs by some $7 billion a year.


snip

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20050228/wl_nm/britain_aid_dc

let' see $$$ wasted in Iraq....with Charity...everything seems like a scam with govt.