Output-based aid (OBA) refers to development aid strategies that link the delivery of public services in developing countries to targeted performance-related subsidies. OBA subsidies are offered in transport construction, education, water and sanitation systems, and healthcare delivery among other sectors where positive externalities exceed cost recovery exclusively from private markets.
Read more about Output-based Aid: How It Works, Examples of Projects, History, Advantages, Criticism
Famous quotes containing the word aid:
“There aren’t any good, brave causes left. If the big bang does come, and we all get killed off, it won’t be in aid of the old-fashioned grand design. It’ll just be for the Brave New-nothing-very-much-thank-you. About as pointless and inglorious as stepping in front of a bus. No, there’s nothing left for it, me boy, but to let yourself be butchered by the women.”
—John Osborne (1929–1994)