| dc.description.abstract | Foreign Aid forms one of the largest components of foreign capital flows in the
international system for low-income countries. Since independence in 1963, Kenya has been
receiving foreign aid to compliment its budget for capital and social investments. The Paris
declaration of 2005 commits donors to provide reliable, indicative commitments of aid over a
multi-year framework and also disburse aid in a timely and predictive manner in line with the
agreed schedules. Studies have also shown that stable macroeconomic policy environment is
a requisite for aid effectiveness. However, foreign aid flows in Kenya have been
unpredictable and the macroeconomic policy environment unstable. The general objective of
this study is to examine the impact of foreign aid on human development in Kenya focusing
on MDGs financing.
This study was divided into five chapters. Chapter one begins with the background of
foreign aid operations. Chapter two looks at major donors, history and impact of foreign aid
globally with a focus to Africa economy and human development. Chapter three is on foreign
aid in Kenya; it impacts on economic growth and human development. On the other hand
chapter four and five represent data interpretation, summary, conclusion and
recommendation. The study established that there is a good relationship between foreign aid
and economic growth. The study concluded that, a targeting system of priority on specifics
MDGs used for more impact realized on human development in Kenya in line with the World
Bank latest policy on aid disbursement to developing countries. | en_US |
