Foreign aid

From Freepedia

Foreign aid, international aid or development assistance is when one country helps another country through some form of donation. Usually this refers to helping out a country that has a special need caused by poverty, underdevelopment, natural disasters, armed conflicts, etc.

The main receivers of foreign aid are developing nations (third world countries), and the main contributors are the industrialized countries.

According to the Final ODA Data for 2003 report from the Organisation for Economic Co-operation and Development (OECD):

• The G7 countries donated 49,917 million USD
• The European Union countries combined donated 37,139 million USD
• The United States donated 16,254 million USD
• Norway donated 2,042 million USD, but were the largest contributors in percentage of GNI at 0.92

External links

• OECD: FINAL ODA DATA FOR 2003
• EuropAid Co-operation Office
• The US and Foreign Aid Assistance
• USAid.gov Overview of US Aid Spending
• "The Politics of Aid: 'The Hand That Gives, Rules'"
• "Foreign Aid: An Introductory Overview of U.S. Programs and Policy", CRS Report for Congress, April 2004