Differences between bilateral and multilateral aid

Bilateral aid is when one nation gives aid to another nation. This could be in the form of loans, grants, or the provision of goods and services. Multilateral aid, in contrast, comes from more than one nation and is channeled through international organizations, such as the World Bank or UN Development Programme. Multilateral aid often comes with conditions and is designed to tackle global problems and to promote economic development in the recipient country. Multilateral aid can also take the form of debt forgiveness or technical assistance.