What Is Foreign Aid? How Official Development Assistance Is Calculated
/ By Justin Lopez
Official Development Assistance tracks foreign aid from donor countries to developing nations, focusing on economic and welfare support while excluding military aid.
234 Views / By Justin Lopez
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Views Official Development Assistance (ODA) is the main yardstick for foreign aid, though defining it is complex. It covers financial flows and technical assistance from donor nations to developing countries aimed at economic development and welfare, while excluding military aid. Eligibility is set by the OECD’s Development Assistance Committee (DAC). ODA is measured by tracking commitments, disbursements, and terms such as grants or loans.
