Aleksandr Chikvaidze Quotes

Infrastructure alone won't end poverty. The World Bank had to learn this lesson, too. While we believed too much in bricks and mortar in our early days, we now understand that bringing together funding, technical expertise, and tested knowledge goes much further.

The test for aid to poor nations is therefore whether it makes them capable of being productive. If it fails to do so, it is likely to make them even poorer in the - not so very - long run.

Foreign Assistance is not an end in itself. The purpose of aid must be to create the conditions where it's no longer need.

Not any amount of aid is going to move Africa forward.

But apart from the military measures, security measures, of course, Afghanistan needs great help for building up its social life, its economic life. It has become a very poor country, neglected for many years.

It's always a tricky thing, trying to make aid sustainable.

We spend billions on international aid annually, but we don't find ways to connect people to dignified work. I realized that if we don't think about ways to harness private capital to solve problems, we're leaving large amounts of money on the table and doing ourselves a disservice.

'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa.

Countries should think of Haiti not as a place where to do charity but a place where to invest and do business. And doing business in Haiti means poverty reduction.

I think a lot of the problem with foreign aid and things like that is you go in, give a bunch of stuff, and then it runs out. It's about helping them learn how to continue to be sustainable and live.

Foreign aid must be viewed as an investment, not an expense...but when foreign aid is carefully guided and targeted at a specific issue, it can and must be effective.

We hope that more assistance will be available to the nations of the region, to include Egypt, on the three pillars that I discussed today: civic society development, education and economic development.

Handouts are not going to end global poverty, but work - real work - just might.

The world has shown that if you provide capital and expertise to an area that is starved for capital and expertise, really good things will happen.

Countries which receive aid do graduate. Within a generation, Korea went from being a big recipient to being a big aid donor. China used to get quite a bit of aid; now it's aid-neutral.

I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation.

Educated and productive young people are needed to help lift their countries out of poverty and create a wealthier, more secure world.

The one thing you learn from looking at places like Afghanistan is that the power of business to do good is enormous.

Making loans and fighting poverty are normally two of the least glamorous pursuits around, but put the two together and you have an economic innovation that has become not just popular but downright chic. The innovation - microfinance - involves making small loans to poor entrepreneurs, usually in developing countries.

America has a critical place to play in the end of extreme poverty.

In Africa today, we recognise that trade and investment, and not aid, are pillars of development.

You cannot fight poverty unless you have stability.

You don’t produce development through aid; you produce it through private investment which creates jobs.

There is one thing that I have learned about Economic Development—that it has to do with a lot more than economics.

When foreign assistance has a clear mission, buy-in from the aid-recipient country, and explicit metrics for implementation, the United States will be able to transition aid-recipient nations into strong trading partners. One of the greatest examples of this successful transition is South Korea.