Asked by Amneesh Rehal on Jun 16, 2024
Verified
Foreign aid which goes through international bodies such as the World Bank is known as _____.
A) unilateral transfer
B) multilateral assistance
C) bilateral assistance
D) remittance
E) government assistance
Multilateral Assistance
Financial aid provided by multiple countries or international institutions to support the economic, environmental, social, and political development of developing countries.
International Bodies
Organizations formed by multiple nations to address global issues and facilitate international cooperation, such as the United Nations.
World Bank
A global financial organization that offers loans and grants to less wealthy nations' governments to support the execution of major capital ventures.
- Become familiar with the critical nature of foreign aid, how it is coordinated, and the means of its dissemination.
Verified Answer
Learning Objectives
- Become familiar with the critical nature of foreign aid, how it is coordinated, and the means of its dissemination.
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