International Assistance for Development
DILINI KANCHANA RODRIGO
Introduction to International Assistance for Development
International assistance for development (IAFD) can be defined as the transfer of money, goods, and services from one country to another for development purpose. IAFD was widely begun after the Second World War to reconstruct destroyed cities and economies in Europe. Lately in 1970, the world’s rich countries agreed to give 0.7% of their gross national income as official international development aid, annually to support poor nations. Even though the rich nations have never met their actual promised targets, since then they have given an enormous $2.98 trillion dollars in aid to poor countries. Now a days rich nation’s governments officially give nearly 100 billion dollars every year as development aid. In addition to this private sectors of rich countries independently give a massive amount of money across NGO activities. Some estimates this is even bigger than the official government aids. In 2005, private remittances were estimated to be around $167 billion, far more than total government aids. (Shah 2011)
IAFD is generally given for a few key development areas. Agricultural development, rural development and infrastructure development are the majors. In addition to that, development aid is also widely given for education and training, environment and natural resources management, transport development, water supply and community development.
Objectives of international assistance for development
Humans naturally have a feeling of a moral responsibility to help those who need it. As rich and developed nations, fulfilling this moral responsibility is their first temptation to give IAFD. Reduce the world poverty and uplift the living standards of world poor are the prime goals of IAFD. Booming economies of poor countries by constructing infrastructure and developing industries are the strategy to achieve those goals....