Official development assistance (ODA) is a term coined by the Development Assistance Committee of the Organisation for Economic Co-operation and Development to measure aid. The DAC first used the term in 1969. It is widely used as an indicator of international aid flow. It includes some loans.
Read more about Official Development Assistance: Definition, Uses, Distribution, Criticism
Famous quotes containing the words official, development and/or assistance:
“I thought it altogether proper that I should take a brief furlough from official duties at Washington to mingle with you here to-day as a comrade, because every President of the United States must realize that the strength of the Government, its defence in war, the army that is to muster under its banner when our Nation is assailed, is to be found here in the masses of our people.”
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