Science Fair Project Encyclopedia
Official Development Assistance
Official Development Assistance (ODA) is a category of development aid.
The OECD's Development Assistance Committee (DAC) defines ODA as:
flows to developing countries and multilateral institutions provided by official agencies, including state and local governments, or by their executive agencies, each transaction of which meets the following test
- it is administered with the promotion of the economic development and welfare of developing countries as its main objective
- it is concessional in character and contains a grant element of at least 25% (calculated at a rate of discount of 10%).
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details