ECON 314 Lecture Notes - Lecture 3: Official Development Assistance
24 Jun 2019
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Document Summary
Foreign aid = international transfer of public funds in the form of loans or grants either directly from one gov"t to another or indirectly through a vehicle of a multilateral assistance agency like the world bank. Official development assistance (oda) = net disbursements of loans or grants made on concessional terms by official agencies, historically high-income member countries of the. In terms of sizes of donations, the us is by far the largest donor. But as a percentage of gni, the us is below the average for developed countries donations. Conditions within the developed country will affect the amount of money spent on foreign aid (financial crisis. The highest recipients of foreign aid are in sub-saharan. Even developing countries are improving, they still need aid to build up investments/savings. Private or unofficial assistance is provided by nongovernmental organizations. The us often gives aid where they see a political benefit for themselves.
