Abu Dhabi: His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces attended on Monday evening a lecture entitled “Giving Intelligently to Achieve Maximum Benefit from Aid” delivered by Professor Abhijit Banerjee, the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT).
Also present were H. H. Sheikh Abdullah bin Rashid Al Mualla, Deputy Ruler of Umm al-Qaiwain, H. H. Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras al-Khaimah, H. H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region, H. H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, Former Lebanese Prime Minister Fouad Siniora, Head of Future Bloc at the Lebanese Parliament, a number of Sheikhs, ambassadors, senior officials and dignitaries.
Prof. Banerjee stressed the significance of giving principle, indicating that at time the issue of aid is so vital to the UAE, it is stirring continuous controversy among the economists worldwide. “The question is whether the aid He stressed at the beginning of his lecture the importance of principle of giving, noting that at a time when the issue of aid is serious for the United Arab Emirates, the controversy around it continues among the economists worldwide over whether the aid would eliminate poverty or not, and why some aid fail to achieve objectives.
Prof. Banerjee presented a number of ideas, concepts, and wrong questions about this issue such as “give me aid and I will finish the poverty, or does aid end poverty, or whether aid is given to earn loyalty, and does government programmes work when aid is provided? Banerjee pointed out that the right question is whether this gap can be reduced, referring to reduction of poverty through promotion of health care for example, and introduce the types of training to address the problem of millions who suffer from hunger, disease and lack of education.