{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Debt and Development

Debt and Development - Olivia Kehoe INTD 200 TA Mahdi Theme...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Olivia Kehoe INTD 200 TA Mahdi Theme 2: Official Development Assistance: Debt and Development “National Development Agencies and Bilateral Aid” By Stephen Brown Aid Terminology Bilateral aid : direct government to government aid Multilateral aid : funds channeled through multilateral organizations, like the UN Official Developmental Assistance: referred to as ODA. ODA is the flows of official financing administered with the promotion of economic development and welfare of developing countries as the main objective. There is controversy over what should be included in ODA; for example, forgiving or canceling loans boost ODA numbers without the donor country actually spending money. Development Assistance Committee [DAC] : this is a donors’ club that unites countries that provide foreign aid. They distribute information about their aid to the OECD. Not all donors are in the DAC, but most are. Tied Aid : ODA that is conditional on the purchase of goods and services from the donor country. This practice has been mostly abandoned. Trends Aid rates fluctuate over decades: total aid slowly increased through the 1960s, rapidly increased in the 1970s, slowed in the 1980s, went through ‘aid fatigue’ in the 1990s and rose dramatically after 2000.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern