Benefits Of Foreign Aid

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INTRODUCTION Foreign aid is the transfer of goods, capital or services from one country to another directly or indirectly through international organizations such as the World Bank, the United Nations Children’s Fund, and many others. It is meant to offer some benefits or help to the recipient country and it comes in several forms for example; military, emergency humanitarian or economic aid. It is aimed at providing help in terms of crisis or disaster. This is the concept of Foreign Aid, The benefits of Foreign Aid have recently been under severe security. It is argued that a large portion of foreign aid flowing from developed to developing countries is wasted and only increase poor institutional levels. Foreign Aid in Africa Under fire Aid …show more content…

In recent years the donor community has become more stringent about fiscal discipline and good policies, which has led to freezing of donor funds to governments that do not conform with aid conditionalities. The Kenyan government has experienced such aid cuts in the past. 1.1 Definition The standard definition of foreign aid comes from the Development Assistance Committee (DAC) of the Organization for Economic Cooperation and Development (OECD), which defines foreign aid (or the equivalent term, foreign assistance) as financial flows, technical assistance, and commodities that are designed to promote economic development and welfare as their main …show more content…

Reduction in resources and few alternatives in Africa were in bad shape where as their incumbents during that period were forced to concive political rights to their opponents”. Ahmed 2012”Argued that the value of foreign aid to fund patronage systems can lead to autacrats to craft foreign policy which is hard to meet its goal. If such a view is correct then and should have helped the leaders to fend off democracy in Africa, but other scholars asset that foreign aid was(and is) a catalyst for democratic

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