Foreign aid refers to the financial and material assistance provided by governments and organizations to support the economic, environmental, social, and political development of developing countries. This aid can take various forms, including grants, loans, and technical assistance, aimed at improving living conditions and fostering sustainable growth.
The primary goal of foreign aid is to alleviate poverty and promote stability in regions facing challenges such as conflict, natural disasters, or economic hardship. Notable organizations involved in foreign aid include the United Nations and World Bank, which work to coordinate efforts and ensure that aid reaches those in need effectively.