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Official development assistance (ODA) is a category used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure foreign aid. The DAC first adopted the concept in 1969. It is widely used as an indicator of international aid flow.
Japan's Official Development Assistance to China began in 1979 after the Treaty of Peace and Friendship between Japan and China signed in 1978. From 1979 to 2013, Japan has provided 24 billion USD in loan aid and 7,796 million dollar in grant aid including US$6,577 million in technical cooperation, a total of US$32 billion.
International development aid is given by many non-private donors. The first table is based on official development assistance (ODA) figures published by the OECD for members of its Development Assistance Committee (DAC). Non-DAC members included in the OECD's publishing are listed separately.
At the Earth Summit in Rio de Janeiro in 1992, most of the world's governments adopted a program for action under the auspices of the United Nations Agenda 21, which included an Official Development Assistance (ODA) aid target of 0.7% of gross national product (GNP) for rich nations, specified as roughly 22 members of the OECD and known as the ...
In 1970, the United Nations set a target for donor countries to spend 0.7% of their gross national income (GNI) on official development assistance (ODA). [1] ODA is aid intended to promote the economic development and welfare of developing countries. [2] In 2004, the then-Labour government said it intended to reach the target by 2013.
(Reuters) -U.S. President Donald Trump on Monday ordered a 90-day pause in foreign development assistance pending assessments of efficiencies and consistency with his foreign policy.
Development Assistance Committee DAC Map. The Organisation for Economic Co-operation and Development's (OECD) Development Assistance Committee (DAC) is a forum to discuss issues surrounding aid, development and poverty reduction in developing countries. It describes itself as being the "venue and voice" of the world's major donor countries. [1]
Development assistance: is a synonym of development aid often used in international forums such as the UN and the OECD. Official development assistance (ODA) is aid given by OECD-member governments that specifically targets the economic development and welfare of countries with the lowest per capita incomes. [8]