Development Assistance Committee

and project aid (Anderson 2015). Bilateral aid is financial assistance given by the government of one country to the government of the other. Additionally, multilateral aid is aid provided by governments to overarching international organizations such as the World Bank or IMF for the sake of reducing poverty in less developed nations. Tied aid or tied loans are aid given to one country from another under the guise that the money must be spent either in the donor country or that the money must be spent on goods or services hailing from a particular country. Lastly, project aid is funds that are given from one country to finance a specific project in another nation such as schools or hospitals. For the sake of measuring how much foreign aid sub-Saharan African countries are receiving, it might be appropriate to use the Official Development Assistance measurement (Watanabe 2006). This measurement is used and created by the Development Assistance Committee, an international body consisting of 29 countries, to address poverty reduction and foreign aid allocation to less developed countries. The ODA keeps track of the disbursements of loans and grants made by members of the Development Assistance Committee to ODA recipients. Furthermore, this measurement can be used to determine the foreign aid per capita a country is receiving by dividing the total amount of foreign aid given from the Development Assistance Committee members by the country’s population. Overall, there are three…

It is better to think of foreign aid as an investment where the growth we stimulate in developing countries by providing developmental assistance, promoting peace, education, and health assistance, provides friendlier and wealthier customers to buy US products. Currently, the top 43 consumers of American agricultural products have been past recipients of American foreign aid. Big companies recognize the economic advantage in bringing others out of poverty and in 2012, over 50 of the most…

Commonwealth nations, which were Canada, Sri Lanka (was Ceylon at the time), India, New Zealand, Pakistan and the United Kingdom initiated The Colombo Plan for Cooperative Economic Development [The Colombo Plan] which proposed to help the low income members of the British Commonwealth in the region (India, Pakistan and Sri Lanka known as Ceylon at the time) (Oakman, 2004, 2010). The background of Colombo Plan as part of the importance of foreign aid will be discussed further in Chapter 4.…

Open Development 1. What are the main challenges to aid effectiveness, and how does open data address these challenges? The main challenges to aid effectiveness are high complexity, enormous transaction costs, lack of strategic and holistic approaches, and lack of country ownership. High complexity involves the coordination between numerous international aid agencies, and within those aid agencies. The United States, for example, has been said to have contradictory, as well as competing,…

Food Aid Impact on Developing Countries Food aid has created a way for underdeveloped nations to receive the emergency aid their countries need. Nations like Democratic People’s Republic of North Korea (DPRK) can misappropriate national funds on military projects instead of developing their agricultural industry (Feffer). On the other hand, countries like Ethiopia are dependent on foreign relief and are claiming a dependency syndrome (Siyoum, Hilhorst, Uffelen). Food aid does create a…

Foreign assistance should not be used in all situations, but only in times of crisis; following the advent of a war, in the midst of a war, natural disaster, pandemic, or other immediate concerns. Aid cannot be given without cause. If the problem is largely economic, then simple donations will not help in the long term; what is instead needed is the foundation for a healthy, growing economy that the nation can sustain on its own. “One way of aiding Third World nations is through free trade. By…

Vanessa Mesa Professor Thomas Glaser Period 2/ #G27 11th March 2015 Foreign Aid: Does it help or hurt us and/ or them? Foreign aid is a financial help to other countries in need of money. Those monies are then distributed into different sections to benefit the country and its people. Will the United States lose money? What will it gain? The United States government spends only about 1% of our U.S budget, in aiding these foreign countries. This 1% of our federal budget contributes to the…

Foreign aid is not a new concept to American people. For generations there has been programs set in place to help impoverished nations struggling to survive and industrialize. Money and supplies is continuously poured into countries such as Africa, with varying effects. Article after article has been published in substantial newspapers and magazines encouraging the donation and help of everyone, but should the people respond? Have these countries become dependent on foreign aid, or is it pulling…

Absolute poverty is a condition where people lack the wealth or means to cater to their basic needs, while the imbalance between people of different sex, class and status is inequality. Both states have negative impacts on a country, affecting a large number of the population, hence it is necessary to develop strategies to curb them. According to the World Bank (2016), 66% of the population in developing countries survived on less than $3.10 per day in 1990 and the percentage of people living in…

Help for someone people is second nature. Helping others no matter what the circumstances may be is just instinct for them. While for others help is something they approach more cautiously it’s something they choose to do if it does not negatively impact them in the process. Help is complex and confusing. Should it always be given to those who need it? Or should help only be offered if we can offer it without risking ourselves? For some the answer is clear we should all strive to help as many…