By Robert Kibet
NAIROBI (IDN) – Providing financial resources to the more developed among the developing countries is a very difficult bias to overcome, according to Angel GurrIa, Secretary-General of the Organisation for Economic Cooperation and Development (OECD).
Gurria was speaking to IDN during the Second High-Level Meeting of the Global Partnership for Effective Development Cooperation (GPEDC) which ran from November 28 to December 1 in the Kenyan capital.
“There is a problem with the flows of money that include aid,” said Gurria. “Who’s better to spend it? A country like Kenya that has expertise and larger companies or a country that is very poor and underdeveloped? Those countries with a higher level of GDP per capita tend to attract more because they can have large projects and a greater spending capacity.”