Foreign Aid And Corruption

Running head: INTERNATIONAL RELATIONS
International Relations
Name of the Student
Name of the University
Author Note

1INTERNATIONAL RELATIONS
The development assistance is generally granted by the IMF and other developed
countries to the poor and developing nations in times of emergency situations. Sometimes the
grants are made unconditionally but most of the times many conditions are imposed by the
countries (Efobi, Asongu & Beecroft, 2015). Many critics believe that these countries ask for
loan or other assistance since they are in genuine assistance. The imposing of such conditions
will put up more burdens on their shoulders. They will find it very difficult to come out of these
loans. Therefore, the countries should not impose such conditions (Efobi, Beecroft & Asongu,
2014). These binding expectations from the countries will put more loads and aid receiving
countries will have to think about the ways they can distribute these aids among the poor people
as well as keeping the promises to the loan givers.
On the other hand, it must also be highlighted that there are some countries that plead to
the developed countries for help and receive it. Afterwards, they use that money or help for the
terrorist activities. They completely violate the ethical rules and destroy the parity on the world.
These types of actions are really despicable offenses (Efobi, Asongu & Beecroft, 2015). This is
why developed countries like United States, United Kingdom, Russia, France and others look to
provide aid to the needy countries but they add some preconditions that they will use that money
for the very reason they have taken it. Even, they might have to show the balance sheet where
they used that money (Efobi, Beecroft & Asongu, 2014). Therefore, this process is quite
understandable since it aims at stopping unethical activities.

2INTERNATIONAL RELATIONS
References
Efobi, U., Asongu, S., & Beecroft, I. (2015). Foreign direct investment, aid and terrorism:
empirical insight conditioned on corruption control. African Governance and
Development Institute WP/15/007.
Efobi, U., Beecroft, I., & Asongu, S. (2014). Foreign aid and corruption: clarifying murky
empirical conclusions.