Importance of donations to developing countries
Positive importance of donations
-Source of foreign exchange
- Enhance technological transfer
- Create employment opportunities
- To provide infrastructures such as school, medical facilities, roads etc.
- Subsidize government expenditure
- To provide social services such as vaccination
- Promote international relationships
- Reduce impact of poverty
- Boost local investment
Negative importance
- Cause inflation
- Increase indebtedness
- Promote damping
- Perpetuate dependency
- Lead to interference of Donors in domestic matters
- Promote corruption in government
- Can encourage conflicts
CATEGORIES General
TAGS Dr. Bbosa Science
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