22/12/2023
MEGA ONLINE SCHOOL ARTS
CEDI
ENOW MARTIN EGBE
677941606
LESSON
*FOREIGN AIDS*
Definition: Foreign or international aids refers to assistance given by one country to another.
The country granting or given our the foreign aid is known as *donor country* while the country receiving the foreign aid is known as *recipient country*.
Foreign aids is given to developing countries by developed countries inorder to promote development in their respective countries..
In the world, the biggest donor countries to cameroon include
✓America,
✓UK,
✓France,
✓Germany and
✓Japan as well as from international organizations as
✓WHO (World health organization ), ✓IMF (International monetary fund), ✓World bank or IBRD.
*NATURE AND TYPES OF AIDS TO CAMEROON*
In Cameroon, foreign aids comes in different forms which is classified under two categories ie
1: Official aid and
2. Voluntary aid
*OFFICIAL AID*
Definition
This is aid involving bilateral or multilateral aid usually given by the government and multinational organisations such as IMF, World bank and ADB (African development Bank). Examples of *official aids are Financial aid, debt relief aid, education and training aid*
*VOLUNTARY AID*
This refers to aids given to given to a country by independent organizations and private donations by philanthropist and NGOs. For example Food relief aids, material aids, and workers remittance aids.
Voluntary aids are given to countries for victims after a war, crises or Natural disaster inorder to reduce famine, hunger, hardship in the receiving country.
*SUB - CLASSES OF FOREIGN*
*AIDS*
1: *FINANCIAL AID*: This refers to the giving of financial assistance (money) and long term loans to countries as Cameroon from other countries to carryout Developmental projects as road 🛣️, dams, bridges , railway 🛤️, school construction and conservation of b