The Reality Of Foreign Aid To Developing Countries

It was learnt during the Raymond Davis case that if he is not released by Pakistan immediately, USA and the other financial agencies backed the USA will stop aid to Pakistan. In this way the country will be bankrupt and Pakistan would not be able to step ahead, but all this is just vogue and supposition. One can think that if aid is stopped who will suffer? The only that high class of the Pakistani people who nourish only on the aid of USA. Otherwise if a country's prosperity would have been depending on the American Aid then there would have been no poor in Pakistan and 70.75 % of the people would have not been in the grip of poverty. The fact is that if American Aid is stopped Pakistan would learn to stand on its own feet. People may think that American or foreign Aid is a friendly gift to any country, but that is not the case. For example Egypt used to get one and half billion dollar annually that was mostly mostly in the shape of arms, and the major share of aid was spent by bureaucracy and favorite institutions. Still much of the aid is spent in bribery an commisions that goes to the pockets of high class people not the poor. The foreign aid is of course a gift for the rulers not the common men there rulers do not like to end this aid.