The primary aim of Canadian foreign aid is to promote popular welfare and overall economic improvement of underdeveloped nations across the globe. The Canadian ODA is utilized for meeting diverse needs of the developing countries as well.
Brief history of the foreign aid activities of Canada:
The foreign aid activities of Canada can be traced back to the 1960s. In 1969, Canada was known to have allocated 0.7% of its Gross National Income to the Official Development Assistance, in the form of international or foreign aid.In the year 1995, as an OECD nation, Canada held the 6th position in the world. This ranking of Canada was determined on the basis of the total percentage of GNI contributed in the form of overall development assistances.
By the year 2002, the rank of Canada declined sharply to 18th in the world, among 22 different nations.
The 2003 foreign aid budget of Canada was merely 0.26% of the GNI. This is because the country is not sufficiently motivated to employ appropriate methods to increase foreign funding to considerable extents. Very little encouragement comes from the Canadian government on this issue, as the government itself seems unenthusiastic about making concrete plans to initiate the country's foreign aid activities.
