Monday, August 27, 2007

Reuters AlertNet - Care says no to $46 million

Reuters AlertNet - Care says no to $46 million: "f there's one thing you don't hear of very often in the aid sector, it is relief groups turning down donations. So it's no surprise that Care International's decision to turn down $46 million of U.S. food aid has raised sparks. Care says it will phase out by 2009 'monetised' food aid from the U.S. government. This is effectively surplus grain given by the U.S. to aid groups to ship and sell in the developing world to fund relief programmes. Supporters say it is a legitimate and effective way of raising and transferring money. Critics say it simply distorts local markets, undercuts local farmers and -- put simply -- hurts those it is intended to help."

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