What one hand gives, the other takes…

by Richard Tanter — last modified 17-May-2008 22:34

Source: Kaul 2005, citing OXFAM Briefing Paper Number 27, “The Great EU Sugar Scam: How Europe’s sugar regime is devastating livelihoods in the developing world”, and Number 30, “Cultivating Poverty: The Impact of US Cotton Subsidies on Africa” (OXFAM International, 2002) and Conceicao (2003).

In 2001 Mali received $38 million in US aid…
…but lost $43 million in cotton export earnings due to US subsidies.
Burkina Faso received $27 million in HIPC debt relief…
…but lost $28 million in cotton export earnings due to US subsidies.
Mozambique received $136 million in EU aid…
…but lost $106 million in sugar export earnings due to EU subsidies.
In 2000, developing countries received $50 billion in ODA…
…but continue to lose about $65 billion a year due to heavily
protected Northern markets in textiles and agriculture.
Developing countries receive $30 billion in grants every year…
…but lose about $50 billion a year due to banking crises alone.