There are many governments that offer help and support to the Zambian government for various causes. These governments comprise of leading organisations and individuals whose aim and purpose is to provide charitable aids for common goals. Find out about different governments in from various countries offering this aid. Aid from a single donor country to a single recipient country like Zambia is bilateral whilst when more than one donor provides aid for the same project is or multinational agencies like UNDP are multilateral agencies. All these categories represent the government to government aid.
Bilateral aid and multilateral aid is directed by strategic, political, and humanitarian interests. This is meant to further foster democracy, economic growth, peace, and sustainability of long-term programs.
Foreign aid is defined as the voluntary transfer of resources from one country to another country. This transfer includes any flow of capital to developing countries. A developing country usually does not have a robust industrial base and is characterized by a low Human Development Index (HDI).
Foreign aid given to Zambia can be in the form of a loan or a grant. It may be in either a soft or hard loan. This distinction means that if repayment of the aid requires foreign currency, then it is a hard loan. If it is in the home currency, then it’s a soft loan. The World Bank lends in hard loans is an example of a multilateral said as more than one government agree to go to Zambia, while the loans of its affiliates are soft loans.
Foreign aid is one of the most significant sources of foreign exchange. There are five different types of foreign aid programs.
1. Bilateral Aid
2. Multilateral Aid
3. Tied Aid
4. Project Aid
5. Military Aid
6. Voluntary Aid
These organizations will be listed here.