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:
“Love stories are only fit for the solace of people in the insanity of puberty. No healthy adult human being can really care whether so-and-so does or does not succeed in satisfying his physiological uneasiness by the aid of some particular person or not.”
—Aleister Crowley (1875–1947)