A lot of literature have springed arguing on the impact of the development aid on developing countries with some criticising it as a poverty entrenching facility whist some have supported development aid as it leads to economic growth and sustainability of many developing countries governments. ... Eroglu (1997) concurred with Mosley by stating that foreign aid supplements the scarce domestic resources for developing countries and also provide the government coffers with the much needed forex which is useful in importing of machinery and other resources that helps in running a countries econom...

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• Approx Pages: 6
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• Grade Level: Graduate