The countries of the world are not maintaining same status. Some – the North – are rich and enjoying all the opportunities of modern life while others – the South – are poor and lacking the basic necessities of life. Nowadays these countries with two opposite character termed as developed and less developed countries. The developed courtiers extend their hand to promote the development of less developed countries (LDCs) through their own development agencies – USSID, DFID, JIKA, CIDS, SIDS, etc. There are several financial institutions (e.g., WB, ADB, IDB and IMF) which also this purpose. Besides there are some national and international Non Government Organizations (NGOs) working to promote development. (more…)