Question: QUESTIO N 2 a) i. Explain the term Bilateral Debt ( 2 marks ) ii. With appropriate examples , explain the Bilateral and Multilateral Channels

QUESTIO N 2 a) i. Explain the term Bilateral Debt ( 2 marks ) ii. With appropriate examples , explain the Bilateral and Multilateral Channels ( 6 marks ) b) Briefly explain the main reasons that donor countries have advanced to justify giving aid through Multilateral Institutions (MI ) ( 6 marks ) c) Briefly explain the key principles of Effective Aid. ( 6 marks)

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