Introduction
“Foreign aid consists of all resources – physical goods, skills and technical know-how, financial grants (gifts), or loans (at concessional rates) transferred by donors to recipients” (Riddell 2007, 17). It can be in three different forms: bilateral, which is from one country to another, multilateral, which is from institutions like World Bank and IMF to other countries or institutions, and NGOs based foreign aid (Riddell 2007). The idea officially started from post World War Two even though many countries are found before that too helping the other countries in various forms of aid (Hjertholm and White 1998). The objective behind ...