Essay on Foreign Aid : A Vital Source Of Revenue

1871 Words Oct 25th, 2016 8 Pages
“In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend” (Hanson, n.d.). Aid to Africa is presently not helping, but it could. The current way that most of foreign aid is being given/received is not helping a continent that is trying to develop, such as Africa. Much of foreign aid’s problem lies within the impersonal way it was given, and the corrupt way it was received. Although aid still needs to be provided to an extent to help Africa get on their feet, the way aid is presented needs to be changed. In developing countries, foreign aid is a vital source of revenue. In order for aid to be successful, firstly an appropriate and fair government needs to be put in place to fairly decide where the money is going to go, then the aid needs to be addressed by a specific cause. Debt repayment needs to be eliminated for Africa to sufficiently develop. Instead of foreign aid giving Africa an overwhelming amount, it should be given in increments, and there needs to be a lack of the “Samaritans Dilemma”. Lastly it would be beneficial to Africa if the government and the foreign aid donors worked together. During the past six decades, more than one trillion dollars of aid dedicated to development has been donated to Africa (Moyo, 2009). Despite this, the average income of those in Africa is even lower than it was in 1970,…

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