economic aid - meaning and definition. What is economic aid
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What (who) is economic aid - definition

VOLUNTARY TRANSFER OF RESOURCES FROM ONE COUNTRY TO ANOTHER
Foreign aid; Food aid; International aid; Economic aid; Overseas aid; Foreign assistance; Foreign Aid; Bilateral aid; Multilateral aid; Aid industry; Aid fraternity; Succor; Aiding; Aided; International Aid; Criticisms of foreign aid; Criticism of foreign aid; Unintended consequences of foreign aid
  • A map of official development assistance distribution in 2005.
  • U.S. soldiers unload humanitarian aid for distribution to the town of Rajan Kala, Afghanistan, 5 December 2009
  • [[Marshall Plan]] aid to Germany, West Berlin, 1949
  • date=May 2015}} Source: OECD

AID         
aid         
¦ noun
1. help or support.
2. material help given to a place in need.
3. historical a grant of subsidy or tax to a king.
¦ verb help in the achievement of something.
Phrases
in aid of chiefly Brit. in support of.
what's (all) this in aid of? Brit. informal what is the purpose of this.
Origin
ME: from OFr. aide (n.), aidier (v.), based on L. adjuvare, from ad- 'towards' + juvare 'to help'.
AID         

Wikipedia

Aid

In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another.

Aid may serve one or more functions: it may be given as a signal of diplomatic approval, or to strengthen a military ally, to reward a government for behavior desired by the donor, to extend the donor's cultural influence, to provide infrastructure needed by the donor for resource extraction from the recipient country, or to gain other kinds of commercial access. Countries may provide aid for further diplomatic reasons. Humanitarian and altruistic purposes are often reasons for foreign assistance.

Aid may be given by individuals, private organizations, or governments. Standards delimiting exactly the types of transfers considered "aid" vary from country to country. For example, the United States government discontinued the reporting of military aid as part of its foreign aid figures in 1958. The most widely used measure of aid is "Official Development Assistance" (ODA).

Examples of use of economic aid
1. Economic aid, in principle, should be a temporary arrangement.
2. North Korea recently agreed to receive half of the economic aid in energy–related equipment.
3. The current accord expires next year, as does the civil economic aid package.
4. The funds were intended for economic aid to the Pacific nation once diplomatic relations were established.
5. President Bush has proposed boosting U.S. economic aid to Iraq by $1.2 billion this year.