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:
“Look for me all around you, for with God’s grace, I shall come and bring with me countless millions of Black slaves who have died in America and the West Indies and the millions in Africa to aid you in the fight for Liberty, Freedom and Life.”
—Marcus Garvey (1887–1940)