Aid donors say hasta la vista to reduced infrastructure spending

Donors have again got infrastructure spending in their sights, which is good news for long-term growth. According to World Bank figures, in the first half of the 1990s the share of aid to Africa spent on infrastructure and economically productive projects (in sectors such as agriculture, industry and services) was 53%. Ten years later (in the period 2000-04) the proportion of aid spent in these areas had dwindled dramatically, to only 31%. Meanwhile, spending on social sectors (such as health and education) had risen as a proportion of aid to Africa from 33% to 60%. Read more here.

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