Grants or loans to countries or territories that are under- taken by the official sector, with promotion of eco- nomic development and welfare as the main objective, at concessional financial terms.
Context is: trade term. Economic or technical assistance extended to developing countries by the governments of developed countries and by international organizations, as contrasted with gifts, loans, and investments financed by the private sector. Official development assistance is construed by the OECD Development Committee as including only "concessional" transfers to developing countries, meaning that all or part of each ODA transaction is a grant or is loaned at rate of interest and/or on repayment terms more beneficial to the recipient than market rates and terms. See also Additionality; Agency for International Development; Bilateral Aid; Developing Countries; Development Assistance Committee; Economic Development; European Bank for Reconstruction and Development; Graduation; Interest; Least Developed Countries; Multilateral Aid; Organization for Economic Cooperation and Development; Private Sector; Soft Loan; Transfer Payments.
Flows to developing countries and multilateral institutions provided by official agencies, including state and local governments, each transaction of which 1) is administered with the promotion of the economic development and welfare of developing countries as its main objective and 2) is concessional in character, with a grant element of at least 25 percent.
That which one country, usually of the North, commits to give to another country, usually of the South, for purposes of assisting with development. The United Nations has been trying for many years to get every country in the developed world to commit to giving 0.7 per cent of its GNP to developing countries as ODA.
(ODA): Assistance on concessional terms (with a grant element of at least 25%), provided by member countries of the Development Assistance Committee to promote economic development in developing countries.
Financial assistance in the form of grants or low-interest loans for developing countries and multilateral institutions provided by official public agencies, including state and local governments. Excludes assistance for military expenditures.
the formal term for "aid". Most of this is of the bilateral variety, namely, government-to-government transfers from OECD member states to developing countries. Some ODA is provided by multilateral sources such as the United Nations, the European Development Fund and special funds of the World Bank and elsewhere. To qualify as ODA, the finance has to include a minimum 25% grant element.
assistance given to developing countries by governments and their agencies.
Financial flows to developing countries and multilateral institutions provided by official government agencies.
The financial resources granted on concessional terms to developing countries and multilateral development institutions for the pursuance of economic development objectives. They are provided by government agencies and have a grant element of at least 25%. Français: Assistance de développement officielle Español: Asistencia oficial para el desarrollo (AOD)
Not only governments but various groups and organizations including international organizations, NGOs, and private companies are engaged in international cooperation in support of social and economic development of countries. The funds and technical assistance which governments provide to developing countries are called Official Development Assistance (ODA).
This term refers to the grants and low-interest loans that government agencies in developed countries provide to developing countries to help their development in areas, such as basic education and health (HIV/AIDS), private sector development and good governance. Source: CIDA/OECD
Official Development Assistance (ODA) is a category of development aid. The term applies to aid from the members of Development Assistance Committee of the OECD to Part I List of Aid Recipients, that is to say, developing countries.
