Critically Distinguishing Between Bilateral and Multilateral Foreign Aid: Political, Economic, and Developmental Consequences for Recipient States and Foreign Aid as an Instrument of Foreign Policy Introduction Foreign aid has emerged as one of the most significant instruments of international economic cooperation, political engagement, and diplomatic influence in the contemporary international system. Since the end of … Continue reading Critically distinguish between bilateral and multilateral foreign aid with reference to their political, economic, and developmental consequences for recipient states, and evaluate the extent to which foreign aid functions as an instrument of foreign policy.