Question

In three sentences, Differentiate foreign investment from the types of aid provided by the UNDP and World Bank, citing specific examples of aid from both.(4 points)

Answer 1

Foreign investment refers to the investment made by individuals or businesses from foreign countries into a host country for profit, such as building a factory or acquiring shares in a local company. In contrast, the UNDP and World Bank provide aid in the form of grants and loans for development projects in low-income countries to alleviate poverty and promote sustainable development. For example, the UNDP may provide funding for community-based projects like clean water initiatives, while the World Bank may offer loans for infrastructure projects like building roads or schools.