Foreign Aid
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Mount Vema Foreign Aid
His Mount Vema Majesty’s Government has pledged to allocate 10% of the Kingdom of Mount Vema’s annual income to foreign aid. To provide financial assistance to other countries in need of humanitarian aid, funds for infrastructure development, disaster relief, healthcare, and student scholarships.
The countries that can apply
Any country can apply providing that they meet the terms and conditions of aid from Mount Vema which varies by country and purpose. Some countries may be given aid in form of a gift, others in form of grants, low or no interest loan, or a combination. |
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How should the aid be used?
The Kingdom of Mount Vema expects its aid use mainly for budget support that can be directly channelled into the financial system of the recipient country. A major proportion of the aid will be tied, mandating that a receiving nation spends on products and expertise available on the Mount Vema marketplace or from overseas venders who meet Mount Vema regulatory standards specially on environment, and human rights. |
Strategic value
The Mount Vema development aid has a strategic value, especially with regards to poverty reduction through job creation, healthcare, and general improvement of living conditions that can have a positive effect on global security and economic growth. |
