Foreign Aid

Definition

Foreign aid refers to the assistance provided by one country to another in the form of financial, technical, or humanitarian resources. It is usually given with the aim of promoting economic development, reducing poverty, or addressing specific challenges faced by the recipient country.

Related terms

Donor Country: The country that provides foreign aid to another nation.

Bilateral Aid: Foreign aid that is given directly from one country to another.

Multilateral Aid: Assistance provided by multiple countries or international organizations working together to address global issues.