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In that chart, there's a dip below zero for one of the nations (Japan). How does someone give negative aid? They asked for money back?
by Kliment 16y ago
In that chart, there's a dip below zero for one of the nations (Japan). How does someone give negative aid? They asked for money back?
- InclinedPlane 16y agoJapan's foreign aid to India is mostly in the form of loans, so it's unsurprising that there could be a year where the repayments outweighed new loans.
- Kliment 16y agoOh, that makes sense. I never thought about loans. Is this a common arrangement? I had this image of aid being counted as money given away, not loaned.
- deleted 16y ago[deleted]
- electromagnetic 16y agoThese loan 'aid' is very common, although thankfully is becoming (too slowly) less common. This is what landed many 3rd world countries in major problems in that the money given didn't stimulate their economy (for reasons we won't go into) enough to cover repayments. India on the other hand has a fast growing economy, which means it can more easily afford the loan payments. So for a country like India these 'loan aids' are likely much less harmful than for a country like Sudan.
- joshu 16y ago"Nice country you've got here... be a shame if something were to happen to it."