Financial contributions from the West have proved detrimental for Africa.  Between 1970 and 1998 when aid was at its peak, poverty rose alarmingly from 11% to 66%. This statistic alone suggests aid is damaging to African welfare. Africa began borrowing money in the 1970s when interest rates were low, but a rising rates in 1979 caused 11 African countries to default. Even after restructuring, they fell deeper into debt. While the Marshall Plan had been a success, the same approach would not favor Africa; as Dambisa Moyo contends, it lacks the required institutions to utilize capital efficiently. Debt servicing meant money was passing from the poor to the rich, leaving Africa in a precarious global position. Furthermore, countries which have rejected aid as an approach to combat poverty have prospered, indicating an additional correlation between aid and a ruined economy 1.  1 Edemariam, A. (2009, February 19). 'Everybody knows it doesn't work'. Retrieved July 20, 2011, from The Guardian: