Asked by Jahmorai Thomas on Jul 26, 2024
Verified
Describe the main characteristics of direct foreign aid from IACs to DVCs.
Direct Foreign Aid
Financial or material assistance provided by one country to another, often in the form of grants or loans, to support the receiving country's development projects or economy.
Developing Countries
Nations with a lower living standard, undeveloped industrial base, and a low Human Development Index (HDI) relative to other countries.
- Assess the efficacy of various kinds of international aid and strategies for developmental support.
Verified Answer
AR
ashley reevesJul 31, 2024
Final Answer :
The United States and other IACs have assisted DVCs directly through a variety of programs designed to stimulate economic development. Over the past 10 years, U.S. loans and grants to the DVCs totaled $21 billion to $36 billion per year. The U.S. Agency for International Development administers most of this aid, some of which consists of surplus food under the Food for Peace program. A large portion of foreign aid is distributed on the basis of political and military considerations rather than strictly economic reasons. Some of the recent direct assistance by the IACs to the DVCs has been in the form of loan forgiveness. In 2017, foreign aid from the IACs to the developing nations totaled $146.6 billion.
Learning Objectives
- Assess the efficacy of various kinds of international aid and strategies for developmental support.
Related questions
One Suggested Policy That Industrially Advanced Nations Could Adopt to ...
One Way Through Which Industrially Advanced Economies Can Help DVCs ...
Canadian Aid to Undeveloped Countries Is at a Level Less ...
The United Nations Has Hired You as a Consultant to ...
Do You Think That Working Conditions in Underdeveloped Countries Will ...