DEVS 100 Lecture 7: week 7 (devel't institutions)
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*annotated bib due november 3rd before 5 pm. Foreign aid: foreign aid: the transfer of resources from one country to another to assist in development, humanitarian, need, etc. Official development assistance (oda): the flows of official financing administered to promote developing countries" economic development & welfare focus on poverty reduction corporations. Oda is not: aid from individuals, foundations, ngo"s, or private. Grants usually provided more often than loans. Bilateral aid: aid that is given by donors directly to developing. Multilateral aid: aid given by donors through multilateral. Grant: donation that is non-reimbursable countries organizations loan: donations that must be repaid but in terms better than commercial transactions. Building local institutions improving existing institutions creating new institutions. Oda donor motivations: relieve poverty international stability former colonial ties/compensation. 1961 stimulated economic progress and world trade. Development assistance committee (dac) of the oecd monitors aid significant influence as an advisory body.