Small Business Resources, Business Advice and Forms from AllBusiness.com

Aid With Strings

By Zeller, Shawn
Publication: Government Executive
Date: Friday, April 15 2005
HEADNOTE

The new U.S. foreign assistance corporation evaluates nations before extending a hand.

Paul V. Applegarth is on a mission to change the hostile view conservatives have long held about U.S. foreign aid. And

if he succeeds, the U.S. government might embrace the view long held by liberals that the United States should devote more of its national treasure to helping poverty-stricken nations around the world.

At the moment, the United States ranks behind most other developed nations in its generosity toward less fortunate nations. And that's attributable in part to conservatives' view that foreign aid is largely wasted. As Applegarth notes, critics of foreign aid thought it was "going to corrupt dictators who put it in Swiss bank accounts."

Now, Applegarth is trying to "rebuild faith in foreign aid" as the chief executive officer of a new federal agency, the Millennium Challenge Corporation. And he's got the backing of one of Washington's foremost conservatives: President Bush.

In addition, make sure to read these articles:

How to Raise Capital Over the Long Term
Host Hattie Bryant of Small Business School interviews Kim Blickenstaff and Dr. Gunars Valkirs of Biosite, a biotechnology company in San Diego, California.