Africa after aid proves surprisingly resilient
Source: economist.com
- Africa has become more resilient since aid peaked two decades ago, growing faster despite less donor money.
- The continent's economy expanded by an average of 4% yearly from 2000 to 2023, even as aid fell from 13% to 4% of government revenue.
- This shift forces governments to rely on home-grown solutions, building long-term strength against global shocks.
Africa's governments are handling crises better without heavy reliance on foreign aid, which has dropped sharply since the early 2000s. The article argues that this "Africa after aid" is tougher and more self-sufficient, with faster growth and smarter policies. Leaders like Nigeria's Bola Tinubu and leaders in debt talks show this resilience. It matters because it challenges the old view of Africa as aid-dependent, pointing to a more independent future amid global uncertainty.