Thursday 22 August, 2013 - 16:19
Aid agencies should source development products from local manufacturers to help them make the most of their budgets and improve their impact. This is the view of service providers and manufacturers from Africa.
In a press statement, AidEx - a global humanitarian and development aid event held annually in Brussels - argues that development agencies spend around US$69 billion each year on procuring goods and services from external providers - more than 50 percent of total official development assistance.
The event also heard that 20 percent of bilateral aid purchases are still tied to firms in donor countries, resulting in project expenses increasing by up to 40 percent.
To read the article titled, “Aid agencies should 'go local' when sourcing materials,” click here.
