Breaking Down Biden’s Foreign Aid Proposal
In
Economic Policy
On
January 24, 2024
Foreign aid packages are designed as a tool by donor countries to promote economic, political, and social development in recipient countries by providing funds to combat issues such as poverty, natural disasters, and public health crises. This supports shared interests between the donor country and its recipients. In the midst of current conflicts occurring in Israel and Ukraine, President Joe Biden has proposed a $106 billion aid package that would provide support for the two countries. This brief will examine the intricacies surrounding the suggested package and its implications.