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Foreign Aid Transparency and Accountability By: Paul Young, CPA, CGADate: December 29, 2016

DisclaimerThis presentation is one opinion of Foreign Aid

Paul Young - Presenter

BioCPA/CGA25 years of experience in Academia, Industry and Financial solutionsYoutube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg

AgendaWhat is Foreign AidUN and Foreign AidCanada and Foreign AidCorruption IndexBudgetForeign Aid by CountryKey Countries/IssuesTransparency/USATransparency/Canada UN/Oversight Foreign Aid

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What is Foreign Aid?economic,technical,ormilitaryaidgivenbyonenationtoanotherfor purposesofreliefandrehabilitation,foreconomicstabilization,orfor mutualdefense.

http://www.dictionary.com/browse/foreign-aid5

UN and Foreign AidForeign aid or (development assistance) is often regarded as being too much, or wasted on corrupt recipient governments despite any good intentions from donor countries. In reality, both the quantity and quality of aid have been poor and donor nations have not been held to account.There are numerous forms of aid, from humanitarian emergency assistance, to food aid, military assistance, etc. Development aid has long been recognized as crucial to help poor developing nations grow out of poverty.In 1970, the worlds rich countries agreed to give 0.7% of their GNI (Gross National Income) as official international development aid, annually. Since that time, despite billions given each year, rich nations have rarely met their actual promised targets. For example, the US is often the largest donor in dollar terms, but ranks amongst the lowest in terms of meeting the stated 0.7% target.Furthermore, aid has often come with a price of its own for the developing nations:Aid is often wasted on conditions that the recipient must use overpriced goods and services from donor countriesMost aid does not actually go to the poorest who would need it the mostAid amounts are dwarfed by rich country protectionism that denies market access for poor country products, while rich nations use aid as a lever to open poor country markets to their productsLarge projects or massive grand strategies often fail to help the vulnerable as money can often be embezzled away

http://www.globalissues.org/article/35/foreign-aid-development-assistance6

Oversight / UK viewForeign aid contractors thatmake huge profits and spend taxpayers' money on lavish salaries will be named and shamed for the first time under Government plans.Priti Patel, the International Development Secretary,has written to all her department's suppliers, demanding that they in future "deliver value for money" for taxpayers.That will include giving a detailed breakdown of employees' salaries as well as profits being made by the company as a result of its contract with the foreign aid department.Senior Conservatives are demanding that Theresa May reviews the Government'slegal commitment to spend 0.7 per cent of GDP annually on foreign aid. Britain currently spends more than 12billion annually on foreign aid.David Miliband, the former Labour MP who is now president of the US-based International Rescue Committee, receives 530,922. His charity has been given 3.6m in British aid.Helle Thorning-Schmidt, the former Danish Prime Minister who is now head of Save the Children, receives a pay and pension package worth 246,750 a year.The organisation was last year given aid contracts worth 104million by Dfid. In recent days it has also emerged that Britain gave 1.3billion in foreign aid to help people in the 20 most corrupt countries in the world in 2015, research claims.Analysis of an annual index of global corruption compiled by the respected organisation Transparency International has shown the UK's spending on corrupt countries has increased from just over 1 billion last year. Aid rose by more than 50 per cent in Afghanistan to 300 million and by 11 per cent in Nigeria to 263 millionSource - http://www.telegraph.co.uk/news/2016/12/25/foreign-aid-contractors-do-not-deliver-value-money-named-shamed/

Corruption Index

Source - http://www.cheatsheet.com/culture/ranking-worlds-corrupt-countries.html/?a=viewall 8

Budget 2015/2016 Canada

http://www.budget.gc.ca/2016/docs/plan/ch6-en.html9

Canada and Foreign Aid

http://cidpnsi.ca/canadas-foreign-aid-2012-2/10

Foreign Aid by Country

http://www.oecd.org/development/development-aid-stable-in-2014-but-flows-to-poorest-countries-still-falling.htm11

Foreign Aid - Haiti

https://fellowshipoftheminds.com/2014/04/29/fraud-corruption-ate-most-of-1-5-billion-america-spent-on-rebuilding-haiti-after-earthquake/

http://www.cbc.ca/news/politics/haiti-aid-continues-as-canada-calls-for-elections-1.289399212

Foreign Aid - Hamas

Canada Foreign Aid

http://www.thetower.org/3101-how-hamas-uses-foreign-aid-to-enrich-itself-and-bilk-gazans/

http://www.thetower.org/3101-how-hamas-uses-foreign-aid-to-enrich-itself-and-bilk-gazans/

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Foreign Aid - Mali

http://www.business-anti-corruption.com/country-profiles/sub-saharan-africa/mali.aspx or http://www.irinnews.org/report/98528/analysis-mali%E2%80%99s-aid-problem 14

USA/ Transparency

Source - https://www.devex.com/news/us-congress-approves-long-sought-foreign-aid-transparency-and-accountability-act-88392

Transparency/Canada Source - http://www.mcleodgroup.ca/2016/06/29/opaque-transparency-in-canadas-foreign-aid/

http://www.mcleodgroup.ca/2016/06/29/opaque-transparency-in-canadas-foreign-aid/ 16

UN/Foreign Aid Source - https://www.breakingisraelnews.com/75938/un-ambassador-danon-launches-battle-block-aid-money-hamas/