Official Development Assistance
/ˈɒfɪʃəl dɪˈvɛləpmənt əˈsɪstəns/
Definitions
- (n.) Funds or resources provided by governments or official agencies to support the economic development and welfare of developing countries.
The country increased its official development assistance to improve education and healthcare systems abroad.
Forms
- official development assistance
Related terms
See also
Commentary
Often abbreviated as ODA, this term is crucial in international law and development finance, with strict criteria defining eligible assistance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.