SOCI 254 Chapter Notes - Chapter 8: Development Assistance Committee, Department For International Development, Tongues Untied
12 Dec 2012
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The providers of development assistance are usually referred to as donors. Bilateral aid refers to aid from government to government. Usually this type of aid is directed towards developing nations. Multilateral aid refers to aid being funded to various multilateral organizations like the world. Official development assistance refers to the flow of official financing administered with the objective to promote the economic development and welfare of developing countries (by governments only) Oda financing can be provided in the form of a grant (non reimbursable donation) or a loan. The development assistance committee (dac) is a club which is mostly joined by industrialized countries who provide foreign aid: these members meet regularly to breakdown their aid figures. This committee is a branch to the organization for economic co-operation and development (oecd) Loans or investments do not generally qualify as oda. Not all oecd members belong to the dac. The 24 member nations of the dac account for 95% of global oda.
