Transparency Of Donor Aid As A Key Factor

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Given that less than one percent of the U.S. budget is spent on foreign aid, and we are at an almost all-time low in spending on foreign aid in a politically unstable world

After giving it some thought, I believe that there is not a way that aid can be given without disturbing the local economies, institutions, and natural resources of receiving countries. I think the purpose of aid is to disturb the status quo and push for it to be better than it currently is. Some of the ways that aid can be given without making too large of a disturbance would be through microfinancing. Microfinancing is where a small loan ($25 - $100), which is repaid at a later date, is made available to individuals who are attempting to provide for themselves. Organizations such as Kiva provide microfinancing options for individuals to buy something as simple as a cow so that the products from the cow are then a source of income for that individual. Another way to provide aid is through agriculture development, where volunteers teach individuals farming techniques to receive a better yield.

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Since the Clinton era, the United States has experienced an unbalanced budget which has spiraled out of control and left the government and its citizens in trillions of dollars in debt. Even with the unfathomable amount of money owed, it is still possible for the United States to clear the debt, and regain a surplus budget once again. Possible solutions to reduce the United States national debt include cutting foreign aid, reducing federal department spending, and eliminating tax breaks for the wealthy.

Over the last 50 years, the world has struggled to maintain an economic balance and stability, while flourishing countries try to maintain a steady income to support its people and relations with other countries. Therefore, when a continent like Africa fails to maintain a stable government and economy, super powers such as America decide to intervene with its relations. Africa has great potential to become another pillar of the world’s economic structure with its mass amounts of uncultivated land. Unfortunately, corruption and irresponsible governments hinder that progress. Foreign aid while helpful should be limited to a yearly amount because it allows the government to repudiate responsibility and gives room for corruption; it creates a

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