Relevance of Multilateral Aid
The capacity of many countries to show preference over multilateral aid emanates from the ability to further means to improve and develop appropriate frameworks related to addressing social and economic issues. Specifically, the dynamics involved in multilateral aid demonstrate a collaborative effort among countries to help promote appropriate solutions to existing problems within the scope of development and further growth (Addison, McGillivray, and Odedokun, 2006).
In essence, the ability to increase scope, facilitate greater accountability, and diversification of aid becomes essential points that makes multilateral aid more appealing compared to bilateral aid. One essential reason why preference is given to multilateral aid is its ability to increase the scope of help provided. Given that bilateral aid has specific conditions and limitations concerning assistance, multilateral aid tries to expand on the scope of the problem and gives sufficient support and funding to administer the change needed (O’Keefe, 2008).
It harnesses key objectives altogether and demonstrates better means to integrate processes effectively. Also, multilateral aid also induces favorable patterns that can increase accountability and effort to reach out to countries in need. By generating a more cooperative and collaborative setup, it improves country relations and also tap into key strengths that can help justify
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Lastly, the application and use of multilateral aid diversifies the level of assistance and support given to countries. Since these feats require funding, more participant countries mean that better ways for reaching out can be administered (Addison, McGillivray, and Odedokun, 2006). This then encourages greater openness and increases the patterns of change particularly in areas related to specific objectives given. Overall, countries prefer multilateral aid because it can help make change more apparent and vibrant. Rather than focusing on a single issue or aspect in bilateral aid, multilateral aid can reinforce the value that countries give.
Such dynamics then increases the ability to define partnerships and increase the likelihood of success in today’s patterns of globalization and interdependence. References Addison, T. , McGillivray, M. and Odedokun, M. (2006) Donor Funding of Multilateral Aid Agencies: Determined Factors and Revealed Burden Sharing. Retrieved from http://website1. wider. unu. edu/lib/pdfs/WE-27-2-04-4-Addison. pdf O’Keefe C. (2008) Explaining Multilateral Aid: Conceptual Issues and Rationalist Approaches. Retrieved from http://plaid. byu. edu/Assets/Explaining%20Multilateral%20Aid%20_%20Conceptual%20Issues%20and%20Rationalist%20Approaches. pdf