The impact of foreign aids on poverty reduction: an international literature review

Purpose- Lately after the occurrence of Covid-19, there has been a substantial wave foreign aid funds from developed to developing economies aimed back up most effected countries. The concept aids with primary goal eradicate poverty is not new economy and social development scholars since it researched for decades. Methodology- eradication was adopted what so called Millennium Development (1990-2015) Sustainable that expected come an end in 2030. This study qualitatively accesses impact effectiveness given countries aim level. Findings- main objective this paper having empirical conclusion on through critical reviews both quantitative qualitative works done by different Conclusion- concluded quantitatively illogical conclude weather really contributes reduction recipient’s country or not. backed presence studies favour against aids. further revealed toward depend many factors recipients’ donor Those include conditions attached aids, allocation targeted areas, authority states decision making related political influence. Finally, suggested efficient use should have clear stipulated goals area prioritization. also monitoring mechanism supervise progress expenditure over time Keywords: International review, aid, millennium goals, reduction, analysis. JEL Codes: F35, I30, I32