Foreign aid is a noun meaning the economic, technical, or military aid given by one nation to another, for purposes of relief and rehabilitation, for economic stabilization, or for mutual defines. The definition states that the economic, technical and military relief provided to countries that are in need can measure foreign aid. Countries that need foreign aid economically are those countries, which have a low economic growth. With help from high economic growth countries such as MEDC's (More economically developed countries) the USA, UK, Australia, Canada etc. countries receive * Giving the poor jobs
* Making organizations e.g. fair-trade
* Giving children an education
* Provide starting amount of money to help start the growth of the economy With this MEDCs are providing the countries with foreign aid but by contrast, other people find foreign aid has negative impact on economic growth. Arguments have been made that high lived of aid erodes institutional quality; it increases rent seeking and corruption which therefore negatively affects growth. In the world today, the United Nations (UN) has created a program, which is set to achieve specific goals in relation to Foreign Aid and accomplish these by 2015. The UN Secretary General Kofi Annan established the UN Millennium Campaign in 2002 in order to support citizen participation in the achieving the Millennium Development Goals, adopted by 189 world leaders from rich and poor countries, as part of the Millennium Declaration, which was signed in 2000. Since 2002 we have worked with UN partners and key global constituencies, such as civil society, parliamentarians, faith groups and youth to inspire people from around the world to take action for the achievement of the Millennium Development Goals by 2015. Now the Campaign advocates for increased efforts to effectively promote greater support for the MDGs, as it is more critical than ever that they remain a priority in the political and public agenda. We work underlining their impact and that they continue to be a sound and worthwhile investment for all in the fight against global poverty. Additionally, the UN Millennium Campaign is engaged in the post-2015 process. The Millennium development goals are; 1. End poverty and hunger -Halve, between 1990 and 2015, the proportion of people whose income is less than $1 a day; Achieve full and productive employment and decent work for all, including women and young people; Halve, between 1990 and 2015, the proportion of people who suffer from hunger 2. Universal Education - Ensure that, by 2015, children everywhere, boys and girls alike, will be able to complete a full course of primary schooling 3. Gender Equality - Eliminate gender disparity in primary and secondary education, preferably by 2005, and in all levels of education, no later than 2015. 4. Child Health - Reduce by two thirds, between 1990 and 2015, the mortality rate of children under five 5.
Combat HIV/AIDS – Halt and begin to reverse, by 2015, the spread of HIV/AIDS ; Achieve, by 2010, universal access to treatment for HIV/AIDS for all those who need it; Halt and begin to reverse, by 2015, the incidence of malaria and other major diseases 6.
Maternal Health- Reduce by three quarters, between 1990 and 2015, the maternal mortality ratio; Achieve, by 2015, universal access to reproductive health 7.
Environmental Sustainability - Integrate the principles of sustainable development into country policies and programmes and reverse the loss of environmental resources; Reduce biodiversity loss, achieving, by 2010, a significant reduction in the rate of loss ; Halve, by 2015, the proportion of the population without sustainable access to safe drinking water and basic sanitation; Achieve, by 2020, a significant improvement in the lives of at least 100 million slum dwellers 8.
Global Partnership - Develop further...
References: * http://www.endpoverty2015.org/about/
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