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The Impact of International Loans and Aid on the National Income in Algeria for the Period (2000-2020) | ||
| TANMIYAT AL-RAFIDAIN | ||
| Volume 42, Issue 139, September 2023, Pages 68-85 PDF (593.14 K) | ||
| Document Type: Research Paper | ||
| DOI: 10.33899/tanra.2023.180476.1223 | ||
| Authors | ||
| Alaa Talib Alwahab* ; Saad M. Alkawaz | ||
| Department of Economics, College of Administration and Economics, University of Mosul, Mosul, Iraq | ||
| Abstract | ||
| International aids and loans are important for developing countries due to their need for capital as a result of the shortage of their financial resources and suffering from a decrease in their domestic savings, as the developed countries with surplus capital provide aid to low-income developing countries for humanitarian or political purposes. Concerning international loans, they are for the benefit of the lending and borrowing countries, as the lenders obtain financial returns as a result of receiving the interest rate in return for lending capital to those countries. As for the borrowers, they receive loans to direct them to finance development and productive investments and achieve growth and economic development in them or negative results may be achieved when directing these loans to consumption, wars, and addressing emergencies. The study aims to provide a theoretical aspect of international aid and loans to developing countries and their relationship to economic growth and development. This deficiency and the achievement of economic growth and development when directed to investments and financing development in the aftermath as countries. The research is based on the hypothesis that international aid and loans have an impact on investments and financing of local economies and are related to economic growth and development in developing countries. | ||
| Keywords | ||
| International Aids; Loans; Economic Growth; Investments; Developing Countries | ||
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