The concept of ODA was adopted by the OECD DAC in 1969, creating a standard of international aid based on "promoting the economic and social development of developing countries" in a way that was "intended to be concessional in character".
If a donor country gives military assistance to any other country or territory it is classified as OOF, because it is not aimed at development. If a donor country accords a grant or a concessional loan to Bahrain it is classified as OA, because it is on the Part II list. If a donor country accords a grant or a concessional loan to Afghanistan it is classified as ODA, because it is on the Part I list. Other Official Flows (OOF): Transactions by the official sector with countries on the List of Aid Recipients which do not meet the conditions for eligibility as Official Development Assistance or Official Aid, either because they are not primarily aimed at development, or because they have a grant element of less than 25 percent. Official Aid (OA): Flows which meet conditions of eligibility for inclusion in Official Development Assistance (ODA), other than the fact that the recipients are on Part II of the Development Assistance Committee (DAC) List of Aid Recipients. This definition is used to exclude development aid from the two other categories of aid from DAC members: at concessional financial terms (if a loan, having a grant element of at least 25 per cent). with promotion of economic development and welfare as the main objective and. undertaken by the official sector (official agencies, including state and local governments, or their executive agencies). In other words, ODA needs to contain the three elements: ODA receipts comprise disbursements by bilateral donors and multilateral institutions. By convention, ODA flows comprise contributions of donor government agencies, at all levels, to developing countries ("bilateral ODA") and to multilateral institutions. The precise type of aid to be counted was given the name of official development assistance (ODA) (where "official" indicates that the aid is public and from governments).įlows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount). In order to co-ordinate and measure international aid effectively, the DAC needs its members to have agreed clear criteria for what is counted as aid. 
In 2019, the annual amount of state donor aid counted as ODA was US$ 168 billion, of which US$ 152 billion came from DAC donors. Most ODA is in the form of grants, but some is measured as the concessional value in soft (low-interest) loans. The donor government agency may disburse such resources to the government of the recipient country or through other organizations. It refers to material resources given by the governments of richer countries to promote the economic development of poorer countries and the welfare of their people. It is widely used as an indicator of international aid flow.
The DAC first adopted the concept in 1969. Official development assistance ( ODA) is a category used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure foreign aid.
Annual overall quantity of ODA, 1970–2019 (data from OECD Statistics DAC Table 1)
0 kommentar(er)
