Sally Fitzgibbons Foundation

Beginning the Academic Essay

Foreign aid is a fund which one country or an organization voluntarily transfers to another country, which can give assistance in the form of money, military loans and other resources. The conditions of repayment depend on the mutual relationship and understanding between the developed countries and developing countries, as it should be returned or not, because the first priority of foreign aid is to help the struggling country. The foreign aid can be in the form of loan or accord, it may be either soft loan or hard loan. The divergence between soft loan and hard loan is that if the repayment of the acquire aid requires in foreign currency so it is hard loan, and if it is in home currency then it is soft loan. Foreign aid has been categorized into six types of assistances which one country gives to another country. Some of them are mentioned below:

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