Foreign Aid (also known as Overseas Development Assistance or ODA) is the assistance governments, non-government organisations (e.g. World Bank, IMF, Red Cross ), businesses, and individuals of one country give to the people of another country with a view to reducing poverty and achieving sustainable development.
There are different types of International or Foreign Aid
1. Bilateral Aid
Assistance given by a government directly to the government of another country. This is usually the largest share of a country’s aid. It is often directed according to strategic political considerations as well as humanitarian ones. ( it's said that this is often the largest % of Aid given, and rarely reaches the people most in need - potentially the least effective /dangerous)
2. Non-government Aid
Assistance provided by non-government organizations (NGOs) like World Vision, The Red Cross and Oxfam. The money for this aid is mainly provided by public donations from individuals and businesses. This includes money raised through events like the 40 Hour Famine or Child Sponsorship programs. However, NGOs also receive some funding from government. ( Resources have been known to be intercepted or stolen in countries in conflict)
3. Multilateral Aid
Assistance provided by governments to international organisations like The World Bank, United Nations and International Monetary Fund, that are intended to reduce poverty in developing nations. ( This Aid is sometimes presented in the form of support for projects, business infrastructure, with 'foreign' investors or contractors appointed as part of the deal - often with little impact on those who need it most)
The UK's official development assistance (ODA) is expected to rise to £11.3bn when it hits the 0.7% target. With a population of about 63 million, the figure works out at roughly £137 per Brit. The advocacy group One calculates that a person on an income of £25,000 pays £5,465 in tax, of which £52 would go to the overseas aid budget a year.
source guardian [click]
'It’s easy to forget that Britain’s aid budget comes in at 0.7 per cent of our national wealth. It’s less in total than we spend on fizzy drinks in a year. With 99 per cent of our spending happening "at home", it’s not accurate to suggest that charity does not already begin at home'
How would I rank them and which is best?
My No 1 = NGO's ( Working directly with the people, although some NGOs are fronted by ex- government or ex army leaders, and may also be prone to corruption/exploitation.
No 2 = Multilateral ( Potential to be No.1 if it were not for the 'strings attached' and neo-colonial tendencies)
No 3 = Bilateral ( Often cited as heading straight for the pockets of corrupt ministers. thier families and or friends).
Further Info [click]
I wonder, do you think Foreign Aid is a help or a hindrance..?
if there's an alternative.. what is it?
Or perhaps you think it's a great reminder that we are our brothers keeper, and that it is a humanitarian act, supporting others in times of need and in times of crisis..
If we spend more on cigarettes and alcohol, or cola or cake.. should anyone ever complain about the Foreign Aid budget?
or is it a political tool used to secure friends, lands and borders?