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Foreign aid is neither a failure nor a panacea. It is, instead, an important tool of American policy that can serve the interests of the United States and the world if wisely administered.

I wish we questioned the aid model as much as we are questioning the capitalism model. Sometimes the most generous thing you can do is just say no.

In this financial year we will be spending at least $1.5 billion on foreign aid and we cannot be sure that this money will be properly spent, as corruption and mismanagement in many of the recipient countries are legend.

We spend billions on international aid annually, but we don't find ways to connect people to dignified work. I realized that if we don't think about ways to harness private capital to solve problems, we're leaving large amounts of money on the table and doing ourselves a disservice.

Foreign trade is not a replacement for foreign aid, of course, but foreign aid to a country that doesn't also engage in significant amounts of foreign trade is more likely to end up in the pockets of dictators and cronies.

Do I like foreign aid? Sometimes, but not every time. Don't like giving money to our enemies, but I love giving money to Israel.

If some nation says to us, 'You can have aid, but you have to end confrontation,' then I say, 'Go to hell with your aid.'

Aid can work where there is good governance, and usually fails where governments are unable or unwilling to commit aid to improve the lives of their people.

Corruption is one of the most common reasons I hear in views that criticize aid.

Rich countries have been sending aid to poor countries for the last 60 years. And, by and large, this has failed.