In her book "Dead Aid," Moyo describes Africa's aid dependency suggesting the use of raising government bonds to raise funds rather than borrowing from World Bank or governments giving the example of Nigeria, which has already been successful. ... Yunus, a Nobel-prize winner, started the Grameen bank microcredit model in Bangladesh, which is now successfully replicated in Nigeria in the form of National Poverty Eradication program (NAPEP). ... Smart aid involves "design and implementation of nuance strategies, an appreciation of the limitations of external factors, and the adoption of a t...

• Word Count: 1966
• Approx Pages: 8
• Grade Level: Undergraduate