Definition
The full definition of tied aid as defined by OECD is:
Tied aid credits are official or officially supported Loans, credits or Associated Financing packages where procurement of the goods or services involved is limited to the donor country or to a group of countries which does not include substantially all developing countries (or Central and Eastern European Countries (CEECs)/New Independent States (NIS) in transition).
Read more about this topic: Tied Aid
Famous quotes containing the word definition:
“One definition of man is “an intelligence served by organs.””
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