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:
“Frustrate a Frenchman, he will drink himself to death; an Irishman, he will die of angry hypertension; a Dane, he will shoot himself; an American, he will get drunk, shoot you, then establish a million dollar aid program for your relatives. Then he will die of an ulcer.”
—Stanley Rudin. The New York Times (August 22, 1963)