Funnel monetary aid only to those countries where there is a reasonable expectation that most of the money will be spent on the purpose for which it was intended. For those countries that are too corrupt to do this, offer only aid-in-kind. For example, instead of giving them money to buy well pumps and drills, send over a crew with well pumps, drill the wells, and hook them up.
As far as forgiving loans; why not forgive loans that will never be repaid?
What happened to all the AIDS funding our conservative president delivered to Africa? This guy throws money around like a drunk whore. I'm a little slow, but I'm finally realizing W is a mirror image of his dad.