The accidental birth of “official development assistance”

by Simon Scott
OECD Development Co-operation Directorate, September 2015

28 pp. 1.0 MB
http://www.oecd-ilibrary.org/docserver/download/5jrs552w8736.pdf?
expires=1445455252&id=id&accname=guest&checksum=870CEF34B6D608B9D2698B2
8C61371F7
Pic 003_resize

Official development assistance (ODA) has been the standard measure of foreign aid for 45 years, but its creation was largely accidental, and followed no plan. Its origins lie with efforts by the OECD’s Development Assistance Committee (DAC) in the early 60s to soften and harmonise the terms of aid to developing countries. It was not until the 1972 revision of the Terms Recommendation that ODA was fully defined. Though not perfect, the 1972 decisions created an integrated and fully specified system for monitoring aid volume and softening aid terms.

(Visited 40 times, 1 visits today)
This entry was posted in Development Assistance, General. Bookmark the permalink.