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Phantom Aid
Phantom aid is what ActionAid describes as aid that never reaches the targeted recipients. This is mostly down to administration costs, as well as aid being used towards commercial ventures. The charity believes that half of all aid fails to reach the poor. See also * Tied aid *Phantom aid in Afghanistan Phantom aid is aid that never reaches the intended recipient countries. It is aid that gets looted in many ways such as tied aid and domestic refugee spending in donor countries. One of the countries affected by phantom aid is Afghanistan. It ha ... References {{reflist Aid Bribery Embezzlement ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ActionAid
ActionAid is an international non-governmental organization whose stated primary aim is to work against poverty and injustice worldwide. ActionAid is a federation of 45 country offices that works with communities, often via local partner organisations, on a range of development issues. It was founded in 1972 by Cecil Jackson-Cole as a child sponsorship charity (originally called Action in Distress) when 88 UK supporters sponsored 88 children in India and Kenya, the primary focus being is providing children with an education, further the human rights for all, assisting people that are in poverty, assisting those who face discrimination, and also assist people who face injustice. ActionAid works with over 15 million people in 45 countries to assist those people. Today its head office is located in South Africa with hubs in Asia, the Americas and Europe. ActionAid was the first big INGO to move its headquarters from the global north to the global south. ActionAid's current strat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "arti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tied Aid
Tied aid is foreign aid that must be spent on products & services provided by companies that are from the country providing the aid (the donor country) or in a group of selected countries. A developed country will provide a bilateral loan or grant to a developing country, but mandate that the money be spent on goods or services produced in the selected country. From this it follows that untied aid has no geographical limitations. In 2006, the Organisation for Economic Co-operation and Development (OECD) estimated that 41.7 percent of Official Development Assistance is untied.OECD. (2006). ''2005 Development Co-operation Report''. Volume 7, No. 1. Paris: OECD. Available for downloadOECD Journal on Development, Development Co-operation Report 2005/ref> Definition The full definition of ''tied aid'' as defined by OECD is: Tied aid credits are official or officially supported Loans, credits or Associated Financing packages where procurement of the goods or services involved is lim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Phantom Aid In Afghanistan
Phantom aid is aid that never reaches the intended recipient countries. It is aid that gets looted in many ways such as tied aid and domestic refugee spending in donor countries. One of the countries affected by phantom aid is Afghanistan. It has received approximately $35 billion of international aid between 2002 and 2009. However, much of this aid has not helped ease poverty or improve economic and living conditions, as originally intended, in the nation. Afghanistan Afghanistan is a low-income country with GDP per capita of US$507 in 2019 according to WorldBank. The country currently ranks 172 in the Human Development Index (HDI). It is heavily reliant on foreign aid and aid accounts for more than 90 percent of the national budget. Many of the nation's sectors are currently poorly developed. The country's infant mortality rates are high at 16.7 percent, literacy levels are low at 18 percent and unemployment levels are high at 35 percent. Within a series of interviews cond ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bribery
Bribery is the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official, or other person, in charge of a public or legal duty. With regard to governmental operations, essentially, bribery is "Corrupt solicitation, acceptance, or transfer of value in exchange for official action." Gifts of money or other items of value which are otherwise available to everyone on an equivalent basis, and not for dishonest purposes, is not bribery. Offering a discount or a refund to all purchasers is a legal rebate and is not bribery. For example, it is legal for an employee of a Public Utilities Commission involved in electric rate regulation to accept a rebate on electric service that reduces their cost for electricity, when the rebate is available to other residential electric customers. However, giving a discount specifically to that employee to influence them to look favorably on the electric utility's rate increase applications would be consi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
