Hey all! We have broken up this episode into two parts.
We are doubling down on Afghanistan this week.
Part 1 (this part) is about what foreign aid is. If you’ve watched what is happening in the news you have maybe seen the words “commitment” “disbursement” “multilateral” and “bilateral” in the news when countries and NGOs are talking about relief packages.
We go into the basic logistics of how aid is organized in a terrible situation, who is involved (and who isn’t) in helping Afghanistan recover from the earthquake and what they are doing.
Last week, we talked about a $540 million Chinese investment into Afghanistan gone wrong.
Listen to it here to get up to speed.And, don’t miss part 2, where we talk about the implications, moral hazards, and a few hypotheticals in there as well!