The question of how best to support developing countries is a matter of significant debate. While some advocate for financial aid as a critical tool for fostering growth, others argue that practical aid and advice are more effective in ensuring sustainable development. Both perspectives have merit, and an examination of each can provide a clearer understanding of their respective benefits.

On one hand, financial aid is seen as crucial for developing countries because it provides the necessary resources to address immediate needs. This form of aid can be used to build infrastructure, fund education, and improve healthcare systems, all of which are foundational for long-term growth. For instance, countries like Ethiopia have benefited from financial support from international organizations, which has enabled them to invest in essential services and improve living standards. Moreover, financial aid can act as a safety net during economic crises, helping countries stabilize their economies and prevent the escalation of poverty.

On the other hand, practical aid and advice are argued to be more beneficial in the long run. This form of assistance involves sharing technical expertise, promoting good governance, and fostering sustainable practices. For example, training programs in agricultural techniques or business management can empower local populations to become self-reliant, reducing dependency on external aid. Additionally, advice on policy-making and institutional reform can lead to more efficient use of resources and better implementation of development projects. Countries that receive such practical aid often experience more sustainable and self-sufficient growth, as they learn to harness their own capabilities.

In my opinion, a balanced approach that combines both financial and practical aid is the most effective strategy. Financial aid provides the immediate capital required for development initiatives, while practical aid ensures that these resources are used efficiently and sustainably. By integrating both forms of assistance, developing countries can not only address their current challenges but also build a foundation for future prosperity. Therefore, international organizations should tailor their aid strategies to the specific needs of each country, ensuring a comprehensive approach to development.