Foreign aid deemed counterproductive."Aid inflows have systematic adverse effects on a country's competitiveness." In a report published by the International Monetary Fund International Monetary Fund (IMF) An organization founded in 1944 to oversee exchange arrangements of member countries and to lend foreign currency reserves to members with short-term balance of payment problems., Raghuranm Rajah and Arvind Subramanian conclude that foreign aid foreign aid, economic, military, technical, and financial assistance given on an international, and usually intergovernmental level. U.S. foreign aid programs have included at least three different objectives: rehabilitating the economies of war-devastated countries, strengthening the military defenses of allies and friends of the United States, and promoting economic growth in underdeveloped areas. from the United States generally does not help poor countries but ends up in the hands of bureaucrats.
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