Foreign aid

Foreign aid, international aid or development assistance is when one country helps another country through some form of donation. Usually this refers to helping out a country that has a special need caused by poverty, underdevelopment, natural disasters, armed conflicts, etc.

Related Topics:
Development assistance - Country - Donation - Underdevelopment - Natural disaster - Armed conflict

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The main receivers of foreign aid are developing nations (third world countries), and the main contributors are the industrialized countries.

Related Topics:
Developing nation - Third world countries - Industrialized countries

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According to the Final ODA Data for 2003 report from the Organisation for Economic Co-operation and Development (OECD):

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• The G7 countries donated 49,917 million USD
• The European Union countries combined donated 37,139 million USD
• The United States donated 16,254 million USD
• Norway donated 2,042 million USD, but were the largest contributors in percentage of GNI at 0.92
 
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