The term foreign aid refers to the financial assistance provided at international or intergovernmental level. In general, it takes the form of technical, military or economical assistance. Foreign aid is aimed towards augmenting the economic development of recipient country. Moreover, it involves the transfer of resources like goods, capital, services as well as financial and industrial resources from the donor to the recipient nations.
In the present scenario, foreign aid remains an indispensable part of the foreign policy of nations. At times, foreign aid is also utilized as an instrument for establishing better ties between nations. Moreover, it can also be used as a means for expansion of the market in donor countries. For instance, Tied foreign aid requires the recipient nation to make specific purchases from the donor country only or the countries it recommends. Without a doubt, the economic development in recipient nations would also improve the markets for products of donor country.
Foreign aid is also provided on humanitarian grounds to cope up with the crisis caused by natural or man made disasters. Military assistance is yet another reason for offering foreign aid. Not only does it help nations establish strong military ties, but also strengthens military defenses of recipient nation.
Baggage Freight is an organization that always stands for a noble cause. We have always pioneered the way for the good of society at large. Moreover, our organization has also offered assistance for sending Foreign Aid during the past. This is evidence to the versatile nature of our business. Not only do we help you send excess luggage in small packages, but also offer foreign aid and various other services.