WHAT IS AID? BILATERAL OR MULTILATERAL - Aid givers decide
whether their assistance should go on a government-to-government
basis (bilateral) or be channelled through international
agencies like the World Bank, the Food and Agricultural
Organization or the regional development banks (multilateral).
Aid has increasingly been disbursed multilaterally - 16% in 1970
and nearly 30% in 1977. PRIVATE INVESTMENT - Investment by
private corporations is a major part of total resource flows to
the Third World. But private investment is not geared so much to
human needs as to a profitable return. Of the $36 billion in
total resource flows to the Third World in 1976, over $20
billion was from private sources. Some countries like France
continue to include private investment in their total aid
figures. VOLUNTARY ORGANIZATIONS - Aid from private voluntary
development agencies like Oxfam, Community Aid Abroad or
Development and Peace is the smallest component of total aid -
$1.3 billion in 1976 - although it is widely claime