[Oliver_W]

So much of it goes to waste, as DR pointed out it goes to the wrong places. Things which foreign aid should actually be going toward (like building houses or making water pumps) falls on the shoulders of charities and/or private donors.

I'd say scrap foreign aid, and those who really want 70p/£100 going toward good causes can donate it from their own money toward charities who enact the things they care about.