International aid
Aid is money given by an advanced country (AC)A country that has well-developed financial markets, rapidly growing service sectors and diverse economic structures. to a low income developing country (LIDC)Any country that is among the poorest in the world, based on per capita income. to help with development. It can come in a variety of forms:
- short-term aidHelp which is given to a country in times of need, eg after a natural disaster. - needed after sudden disasters.
- long-term aidHelp which is given to a country to allow it to develop, eg building a hospital to improve healthcare. - money given for a specific project over a long period of time.
- tied aidAid that is given with conditions attached. - aid that is given with conditions attached.
- Charitable aid - raised by donations from charities such as ActionAid.
- bilateral aidThe process of one country giving money to another. - when one country gives money to another. Only two countries are involved.
- multilateral aidWhen more than one country gives aid to another country. - when more than one country gives money, eg through the World Bank.
Aid to India
India receives ODA (Official Development Assistance) which it spends on funding infrastructure projects and education. Japan, Germany, France and the UK are amongst the biggest contributors of ODA to India.