Foreign aid helps developing countries. Developing countries often have high poverty levels and large numbers of starving people. Foreign aid helps the underprivileged of these developing countries by providing basic human requirements such as food and medical supplies. Foreign aid helps save many lives in developing countries who would otherwise starve to death.
Foreign aid is often regarded as being too much, or wasted on corrupt recipient governments despite any good intentions from donor countries. In reality, both the quantity and quality of aid have been poor and donor nations have not been held to account. There are numerous forms of aid, from humanitarian emergency assistance, to food aid, military assistance, etc. Development aid has long been recognized as crucial to help poor developing nations grow out of poverty.
Foreign aid is an important for developing countries. It is necessary to help people who do not have the necessary resources to have a normal life. It is also a way for richer nations to lend support to their neighbors. It can be a good tool for promoting diplomacy and peace.
I have seen first hand that foreign aid does, in fact, help developing countries and it helps them a lot. They need certain resources that aren't available, and once they get them, growth explodes and then they become more self-sufficient. It really is a beautiful thing to watch take place.
Money from the United States and other industrial first world nations to other developing nations actually creates a system of dependency and undermines the sovereignty and independence of developing countries. Developing countries would be better suited to invest in creating a functioning economy rather than taking aid from other nations.