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
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“For this invention of yours will produce forgetfulness in the minds of those who learn it, by causing them to neglect their memory, inasmuch as, from their confidence in writing, they will recollect by the external aid of foreign symbols, and not by the internal use of their own faculties. Your discovery, therefore, is a medicine not for memory, but for recollection,—for recalling to, not for keeping in mind.”
—Plato (c. 427–347 B.C.)