economic aid

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economic aid

The organization provides economic aid to the local farming community.

Definition
  1. Noun:
    • Money or resources provided to support a worthy person, cause, or country: "Economic aid" refers to financial assistance, loans, or material resources given by one entity (like a government or international organization) to another, typically to promote economic development, alleviate poverty, or support recovery from a crisis.
Examples of Usage
  • Noun:
    • The country received substantial economic aid after the devastating earthquake.
    • International economic aid is crucial for supporting healthcare systems in developing nations.
    • The debate focused on whether to increase economic aid to the region.
Advanced Usage
  • "to provide economic aid": to give financial or material support.
    • The foundation decided to provide economic aid to small businesses affected by the pandemic.
  • "a package of economic aid": a set of financial support measures.
    • The government announced a new package of economic aid for the agricultural sector.
  • "bilateral economic aid": aid given directly from one country to another.
    • Most of the economic aid was delivered through bilateral agreements.
Variants and Related Words
  • Aid (n): assistance or support.
    • Humanitarian aid was rushed to the disaster zone.
  • Financial assistance (n): a synonym often used in similar contexts.
    • The students applied for financial assistance to pay for their studies.
  • Development aid (n): aid specifically aimed at long-term economic and social development.
    • The project is funded by international development aid.
Synonyms
  • Financial aid: Monetary support.
  • Assistance: Help or support.
  • Subsidy: Financial grant or support, often from a government.
Related Phrases
  • Tied aid: Economic aid that must be spent on goods or services from the donor country.
    • Critics argue that tied aid is less effective for the recipient's economy.
  • Aid conditionality: The requirements a recipient must meet to receive aid.
    • The economic aid came with strict conditionality regarding economic reforms.
economic aid

The organization provides economic aid to the local farming community.

Noun
  1. money to support a worthy person or cause

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