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The Effects of War and Peace on Foreign Aid - Essay Example

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The nation gained independence in the year 1961 from its colonial master the United Kingdom. The countries’ political environment had been marred with cases of corruption, electoral violence, and increased…
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The Effects of War and Peace on Foreign Aid
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The Effects of War and Peace on Foreign Aid

Download file to see previous pages... The decay recorded in the systems of Sierra Leone in economic terms was progressive with different regimes taking a chunk of the existing economic means of production taking to account the country’s endowments in gold, iron ore, coffee, bauxite, cocoa, and diamonds. Albert Margai, Siaka Stevens, and Major General Momoh Joseph who was the last leader before civil war broke out in the country, ruled successive regimes filled with corruption and pervasion of all state institutions (Hirsch, 2001). Sierra Leone was faced with another hurdle owing to an influx from refugees who had fled from neighboring Liberia and thus offered substantial manpower for rebel forces. Foreign aid to the country had been reduced to humanitarian actions only owing to the state of rot, although leaders like Muammar Gaddafi and Russian Victor Bout were linked to financing Foday Sankoh who led the Revolutionary United Front (Keen, 2005).
Sierra Leone as a country has been characterized by increased levels of foreign aid dependency with a largely poor economic performance. The annual aid extended to the country was in the range of fourteen percent of its GDP from 1970 to 2007. The percentage is higher in comparison to an average of four percent aid dependence in the larger Africa. The demand and need for foreign aid in the country surged post the civil conflict recorded from 1991 to 2002 (Keen, 2005). However, on the overall, foreign aid has had positive effects on the economic growth of the country post the civil conflict, but still performing below expectations. The country received minimal aid during the years of civil conflict, but it caused no effect on the economic growth if the country and can be best described as non-existent or substantially weak and insignificant.
The continuation of foreign aid to the country can be linked to the country’s poverty rankings in ...Download file to see next pagesRead More
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