Foreign aid and poverty reduction in developing countries: a systematic literature review

Wudil, Adamu Ahmed and Md Saad, Norma and Omercic, Jasmin and Lacheheb, Zakaria and Muhammad, Rislanudeen (2023) Foreign aid and poverty reduction in developing countries: a systematic literature review. Conferencii: Interdisciplinary Research, Education and Innovation, 6. pp. 4-7. E-ISSN 2753-6408

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Abstract

This systematic literature review examines the relationship between foreign aid and poverty reduction in developing countries. The review identified and analyzed 50 relevant studies that were published between 2010 and 2021. The studies were selected based on specific inclusion criteria, including a focus on foreign aid and poverty reduction in developing countries. The results of the review indicate that foreign aid can play a positive role in poverty reduction when it is effectively targeted and implemented in conjunction with good governance. The studies suggest that aid can be used to finance critical social development programs such as healthcare, education, and poverty reduction initiatives. The review also highlights several challenges associated with foreign aid, including the potential for aid dependency, the risk of creating distortions and undermining local institutions, and the issue of corruption in countries with weak governance. Overall, the literature suggests that foreign aid can play a critical role in promoting poverty reduction in developing countries, but that its effectiveness depends on a range of contextual factors. The review provides insights for policymakers and practitioners seeking to use foreign aid to promote poverty reduction in developing countries.

Item Type:	Article (Journal)
Uncontrolled Keywords:	Foreign Aid, Poverty Reduction, Systematic Literature Review, Developing Countries, Social Development
Subjects:	BPH Islamic Economics > BPH72 Economic development. Growth. Sustainable development. Sustainability
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Centre for Islamic Economics Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Prof. Dr Norma Md Saad
Date Deposited:	02 Oct 2023 10:53
Last Modified:	02 Oct 2023 10:53
URI:	http://irep.iium.edu.my/id/eprint/107184

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