Routledge Dictionary of Economics, Second Edition
multilateral aid (F3, O0)
FOREIGN AID which consists of the distribution to developing countries by an international agency, e.g. the WORLD BANK, of the grants given by wealthier countries. Although it is argued that aid in this form is fairer than BILATERAL AID, it is still possible for there to be biases in the distribution policy of a major agency
This is the complete article, containing 59 words
(approx. 1 page at 300 words per page).
View More Summaries on Aid
