US Aid to Developing Nations essays

US Aid to Developing Nations essays Assisting developing nations in the world is a US foreign policy priority in the pursuit of what the administration of President George W. Bush considers its moral imperative to combat poverty (Inter-American Development Bank 2002). In realizing this pursuit and implementing the foreign policy, he proposed a new initiative of development that would increase its accountability for both rich and poor nations and encourage the same commitment from, and link up with, other developed nations towards developing ones. In demonstrating this high level of commitment, President Bush raised the US core development assistance fund by 50% or 5 billion over 2002 level and deposited into a New Millennium Challenge Account for the benefit of developing nations' economies and standards of living (Inter- American Development Bank). The US has been the world's largest provider of humanitarian assistance and food aid at $3 billion in 2000; spends a billion dollars every month in the war against terrorism; contributed $978 million in 2001 along to international peacekeeping (Inter-American Development); imports the most from developing countries - $450 billion in 2000 alone or eight times more than all Official Development Assistance (ODA) country donors; and is the top source of private capital to developing nations at an average of $36 billion a year between 1997 and 2000 and of charitable donations to these nations, $ 4 billion in 2000 In 2000 alone, the US gave out $10 billion worth of ODA and even substantially increased afterwards in priority sectors, such as HIV/AIDS (54%), basic education (50%), trade and investment (38%), and agriculture (38%) (Inter-American Development Bank). Its core development assistance package rose significantly in Africa at 30%, Asia and the Near East at 39% and Latin America and the Caribbean at 29%. American aid to these developing or poor countries would ...