... the presumption that the aid could fill the shortage of international capital in developing countries. 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 economy. The ... usual 40% funding towards the yearly budget due to corruption, mismanagement and looting of public funds and the present government is trying to win donor confidence by sealing al...

• Word Count: 1491
• Approx Pages: 6
• Has Bibliography
• Grade Level: Graduate