Foreign aid is like sending a care package to a friend in need, but on a much larger scale. It includes
Money (Loans and Grants) - A country can give money either as a gift (grant) or a loan. If it's a loan, it's like lending money to a friend but at a lower interest rate, so it's easier for them to pay back.
Goods and Services - Sometimes, instead of money, countries send things like food, clothes, or even expert help.
Official Development Assistance (ODA)
Non-Governmental Organizations (NGOs): Think of these as clubs with a mission. They're not run by governments but are out there doing good stuff!
Humanitarian Aid: Quick help in emergencies like earthquakes or wars. Imagine sending a care package during a disaster!
Development Aid: Long-term help to make countries stronger and better. This can be for a project like building a hospital, supporting healthcare, or buying stuff from the donor country.
Mostly, because countries need help growing. Imagine your younger sibling needing help with homework – that's why they turn to you!
Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 π
Foreign aid is like sending a care package to a friend in need, but on a much larger scale. It includes
Money (Loans and Grants) - A country can give money either as a gift (grant) or a loan. If it's a loan, it's like lending money to a friend but at a lower interest rate, so it's easier for them to pay back.
Goods and Services - Sometimes, instead of money, countries send things like food, clothes, or even expert help.
Official Development Assistance (ODA)
Non-Governmental Organizations (NGOs): Think of these as clubs with a mission. They're not run by governments but are out there doing good stuff!
Humanitarian Aid: Quick help in emergencies like earthquakes or wars. Imagine sending a care package during a disaster!
Development Aid: Long-term help to make countries stronger and better. This can be for a project like building a hospital, supporting healthcare, or buying stuff from the donor country.
Mostly, because countries need help growing. Imagine your younger sibling needing help with homework – that's why they turn to you!
Dive deeper and gain exclusive access to premium files of Economics SL. Subscribe now and get closer to that 45 π
AI Assist
Expand