What term describes aid given without any policy stipulations or spending restrictions?

The term that describes aid given without any policy stipulations or spending restrictions is untied aid. Untied aid allows the recipient country the flexibility to use the funds in the way that best suits its development needs, without being constrained by conditions set by the donor. This type of aid can promote greater autonomy in decision-making for the recipient country and can lead to more effective and relevant uses of the aid provided.

Multilateral aid refers to assistance provided by multiple countries or international organizations, usually with specific goals or projects in mind. Development aid is broader and can include various types of support intended to promote economic development and welfare, but it doesn’t specify whether there are conditions attached. Bilateral aid involves assistance from one country directly to another, which often comes with its own set of regulations or stipulations, hence does not fit the definition of aid without conditions. Therefore, untied aid is the most appropriate term for assistance granted without restrictions.