Defining Development Aid Jonathan Bennion-Pedley
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Defining Development Aid Development aid is the term given to the financing provided to improve living conditions in impoverished nations and regions by public actors from countries that are more financially well off. It is implemented by ministries, banks, NGOs, professional organisations, local authorities and businesses.
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Bilateral Aid / Multilateral Aid Bilateral aid is a process where aid and funds go directly to the beneficiary country from the donor country. Multilateral aid is when funding contributions go to international organisations such as the World Bank or UNICEF, which pays for programmes and operating costs.
Changing Economies One objective of development aid is to reorient funds within an economy that is shifting, building a more egalitarian and ecological world. There are short-term costs involved in this process, but these lead to medium and long-term gains.
Sustainable Development Development aid today is built around the concept of sustainable development, which means delivering aid that provides communities with the capability to administer long-lasting change, with the introduction of programmes and facilities that will continue to benefit them long after the aid workers have left.
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Jonathan Bennion-Pedley
Development aid often follows humanitarian aid; you can learn more about humanitarian aid by visiting the blog of Jonathan Bennion-Pedley.