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Definition
Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent).

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Related Variables

Aid for Trade, Current Prices million $ ODA for technical cooperation, millions of 2017 USD (SDG 17.9.1) Net ODA received, % GNI

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