Development aid: Robbing the poor to feed the rich http://www.pambazuka.org/en/category/features/65096

In producing often 'negative resource transfers' (from developing to developed countries), development aid and official development assistance (ODA) essentially remain an exercise in taking money from poor countries for the purpose of enriching wealthier ones, writes Charles Abugre. Given the difficulty of enforcing ODA commitments and the need to halt the net transfer of developing countries' resources, poorer countries should look towards drawing upon SWFs (Sovereign Wealth Funds) in combination with the globally fast-growing Islamic bond market, Abugre argues.