Prospects for South Sudan, the World’s Newest Nation: Ben Leo
On Saturday the world’s newest nation exuberantly celebrated its first independence day. The Republic of South Sudan, an area the size of Texas that is home to eight million people, has finally fulfilled its long-sought goal of freedom and self-determination. Independence however, is just the beginning.
Every year, billions of dollars are spent on food assistance to provide lifesaving sustenance to millions of people. That’s a lot of money, and an important cause, so it was encouraging to learn last week that the United States and the G-20 are starting to seriously scrutinize food aid policy. Recent developments in Washington and Paris show a growing consensus that it’s about time to overhaul outdated approaches to feeding the hungry.
With high deficits across the developed world, aid budgets are tight and likely to remain so. However, a simple change in how the World Bank organizes its lending could free up an extra $7.5 billion for the world’s poorest countries over the next three years.