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Foreign Aid
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Overseas Aid may be categorized into many different types depending on the mode of its distribution. These include:
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Multilateral Aid is transferred from a particular national government to global organizations such as European Development Fund, International Monetary Fund (IMF), or the World Bank.
- Bilateral Aid is directly passed on from one country to another at the governmental level.
Foreign aid may also be classified according to various types:
- Emergency Aid, which comes during natural calamities or human events such as war, in the form of food supplies, shelters and apparels.
- Tied Aid, which is bound by certain terms and conditions in order to reduce the possibility of financial abuse and corruption.
- Project Aid comes in the form of cash and good in kind, for supporting national humanitarian projects.
- Untied Aid, in which the nation receiving the aid enjoys complete autonomy regarding its expenditure.
- Program Aid, in which assistance is given for the development or improvement of a particular program in specific sectors of a country.
- Food Aid, which is dispensed at the time of natural disasters.
For more information on Foreign Aid, please see the following links:
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