Perhaps not a high quality latex condom. What sort do you think get sold in Third World countries?
I think they probably get the same quality that's available in your local drug store, but under a generic name. The biggest problem is the shelf-life of latex - it degrades over time.
Countries that stockpile condoms or distribute them to people who let them sit for long periods of time, could be delivering a very false sense of security - but, a questionable condom is better than no condom at all.