CGD in the News

Free money might be the best way to end poverty

January 07, 2014

From the Article:

In recent years, numerous studies of development aid have found impressive correlations between free money and reductions in crime, inequality, malnutrition, infant mortality, teenage pregnancy rates and truancy. It is also correlated with better school completion rates, higher economic growth and improvement in the condition of women. “The big reason poor people are poor is because they don’t have enough money,” economist Charles Kenny, a fellow at the Center for Global Development, wrote in June. “It shouldn’t come as a huge surprise that giving them money is a great way to reduce that problem.”

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