Regulation of Foreign Aid: India
In the last decade India has increasingly transitioned toward becoming an “emerging donor” country. As part of its “South-South” strategy, India seeks to use its foreign aid programs as a tool to further its own economic, political, and strategic interests, while also taking into account the needs of the recipient country. Its foreign assistance spending consists of grants, preferential loans, contributions to international organizations and international financial institutions, and subsidies for preferential bilateral loans. However, rather than organizing its aid programs under one unified aid agency, India’s development assistance is channeled through a variety of ministries and government departments, including the Ministry of External Affairs and the Ministry of Finance.
- Publication year: 2011
- Publication Type: Blog post
- Form of Cooperation: Comprehensive (Lines of credit, grants and loans, and technical assistance).
- Cooperation Context: Multilateral
- Sector: Multi-sectoral
- The Institution (Publication): Library of Congress
- Author (and co-authors): Tariq Ahmad
- Keywords: South-South cooperation; India’s foreign aid; Legal framework; Implementing agencies; Foreign aid appropriation process
- Link: https://www.loc.gov/law/help/foreign-aid/india.php