Multilateral aid refers to financial assistance provided by multiple countries or organizations to support development projects in various nations. This type of aid is often channeled through international institutions like the United Nations or the World Bank, which help coordinate efforts and ensure that resources are used effectively. The goal of multilateral aid is to address global challenges such as poverty, health crises, and environmental issues. By pooling resources from different countries, multilateral aid can have a more significant impact and promote collaboration among nations to achieve common objectives.