According to Haitian-born Daniel Jean Louis, the author of From Aid to Trade, Foreign Aid in itself and in the present format does not benefit the poor and needy countries. After corruption and political instability, foreign aid is one of the problems of recipient countries. To help balance the equations, or bridge the gap, donor countries need to ensure that while they want to help recipient countries, they must not sideline local businesses and entrepreneurs. Donor countries must help in building the foundations for these local entrepreneurs to grow. They must make sure that the already weak local businesses are not choked out by the aid.
According to EURODAD, “donors have to create real value for money by engaging with the companies in recipient countries, creating jobs and business development.” In this way, sustainable and independent development is achievable.
Nehemiah Project has been giving the gift of business globally for the last 20 years by training over 20 thousand entrepreneurs in over 38 countries globally.
Here are 20 reasons why the gift of business is essential: