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OFFICIAL DEVELOPMENT ASSISTANCE (ODA) LOANS

Statistics Directorate    
Definition:
Grants or Loans to countries and territories on Part I of the Development Assistance Committee (DAC) List of Aid Recipients (developing countries) which are:

(a) undertaken by the official sector;
(b) with promotion of economic development and welfare as the main objective;
(c) at concessional financial terms [if a loan, having a Grant Element of at least 25 per cent].

Context:
In addition to financial flows, Technical Co-operation is included in aid. Grants, Loans and credits for military purposes are excluded. Transfer payments to private individuals (e.g. pensions, reparations or insurance payouts) are in general not counted.

Source Publication:
Glossary of Key Terms and Concepts. From the "Development Co-operation Report: Efforts and Policies of Members of the Development Assistance Committee".

Cross References:
Official debt

Hyperlink:
http://www.oecd.org/dac/peer-reviews/35051857.pdf

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Tuesday, June 11, 2013