Based on the lecture and Webtext materials, address the following:
- Identify the most significant problems with the way foreign aid is presently dispensed by international lending institutions. Then, discuss at least three (3) recommendations that you would make to remedy this situation so that food, medical, and financial assistance actually reaches the poor.
respond to following statement:
The lending institutions have different methods of providing loans and aid. The most significant problems with the way foreign aid is dispensed by international lending institutions is that it does not focus on how to really stop corruption and wasteful spending. This will also hurt the countries that are really in need because of their trade policies. Another problem is the way the aid is distributed and making sure that it’s being disbursed in the needed area.
I feel that all countries that receive foreign aid must be willing to be watched closely to make sure that those needing the aid is getting what they need. Also the countries that have promised to give aid to help must follow through with their commitment unless the country that is reeving the help is not following the guidelines.