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social science subjects > politics and international relations > political science > democracy and democratization > foreign aid and development
social science subjects > politics and international relations > international relations > foreign aid and development
social science subjects > economics > economic concepts > political economy > foreign aid and development
social science subjects > politics and international relations > political science > political economy > foreign aid and development

Preferred term

foreign aid and development  

Definition

  • The Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) defines “development assistance” (or foreign aid) as financial flows that qualify as official development assistance (ODA). ODA is calculated as the sum of grants and loans to aid recipients that are (a) undertaken by the official sector of the donor country, (b) with promotion of economic development and welfare in recipient countries as the main objective, (c) at concessional financial terms, where the grant element is equal to at least 25%. In addition to financial flows, technical cooperation costs are included in ODA; but grants, loans, and credits for military purposes are excluded, and transfer payments to private individuals are in general not counted. [Source: International Encyclopedia of Political Science; Foreign Aid and Development]

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https://concepts.sagepub.com/social-science/concept/foreign_aid_and_development

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