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:
“The honor my country shall never be stained by an apology from me for the statement of truth and the performance of duty; nor can I give any explanation of my official acts except such as is due to integrity and justice and consistent with the principles on which our institutions have been framed.”
—Andrew Jackson (1767–1845)
“I have an intense personal interest in making the use of American capital in the development of China an instrument for the promotion of the welfare of China, and an increase in her material prosperity without entanglements or creating embarrassment affecting the growth of her independent political power, and the preservation of her territorial integrity.”
—William Howard Taft (1857–1930)
“Holding myself the humblest of all whose names were before the convention, I feel in especial need of the assistance of all.”
—Abraham Lincoln (1809–1865)