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Euphoria of borrowing insensitive to debt burden

Euphoria of borrowing insensitive to debt burden

For several decades since independence there was euphoria about the country receiving more and more foreign aid. The hankering for aid was perhaps an understandable post-colonial syndrome. It was an important means of bridging the savings-investment gap, improving infrastructure, institutional and capacity building and supporting economic and social development. Today foreign aid plays an insignificant [...]

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