Synonyms
Definitions
Official Development Assistance (ODA) denotes aid from sovereign states (so-called “donor” countries) destined to promote development in developing countries found on the Organisation for Economic Co-operation and Development (OECD) list of “developing countries and territories,” delivered either bilaterally or through a multilateral agency (such as the United Nations or a multilateral development bank), and comprises of grants, so-called “soft” loans with a concessional grant element and technical assistance. It excludes financial facilities such as credits or loans for military purposes (OECD 2020a).
Official Development Assistance (ODA): Past, Present, and Future
ODA: History, Definitions, and Targets
Development assistance or aid is an essential part of the global response and responsibility in assisting developing countries in financing their socioeconomic development. International assistance and cooperation are also...
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References
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Erdem Türkelli, G. (2020). Official Development Assistance (ODA), Aid Dynamics and Sustainable Development. In: Leal Filho, W., Azul, A., Brandli, L., Lange Salvia, A., Wall, T. (eds) Partnerships for the Goals. Encyclopedia of the UN Sustainable Development Goals. Springer, Cham. https://doi.org/10.1007/978-3-319-71067-9_98-1
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