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The Future of Development Aid

WASHINGTON, DC – Even skeptics admit it: effective aid works. In the last 25 years, the share of poor people in developing countries has been cut by half, and the last decade has witnessed impressive development successes in countries once thought beyond help.

Globally, the mortality rate for children under five has declined by a third, and sub-Saharan economies grew by up to 6% per year on average. With the exception of fragile and conflict-affected countries, today’s poor countries are very different from the poor countries of the past.