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In some countries there is more development aid than government spending. (Image from World in Data) Development aid (or development cooperation) is a type of aid given by governments and other agencies to support the economic, environmental, social, and political development of developing countries. [1]
The full definition of ODA is: Flows of official financing administered with the promotion of the economic development and welfare of developing countries as the main objective, and which are concessional in character with a grant element of at least 25 percent (using a fixed 10 percent rate of discount).
A social fund (sometimes also called Social Investment Fund, Social Fund for Development, Social Action Fund, National Solidarity Fund or Social Development Agency) is an institution, typically in a developing country, that provides financing (usually grants) for small-scale public investments targeted at meeting the needs of poor and vulnerable communities. [1]
These funds come primarily from well-developed countries including the United States, Japan, France, Germany, and the United Kingdom [36] with 58% from the US, 22% from France, and 8% from the UK. [37] As of 2016, there have been 18 IDA replenishment rounds. [38] Fifty-one member countries participated in the IDA's 16th replenishment of US$49.3 ...
Chart showing foreign aid given per capita, by countries with highest donation rates among countries with large populations. [1] 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 ...
A map of official development assistance (ODA) distribution in 2005. ODA is a system to measure the size of aid. In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another.
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A Challenge Fund (also referred to as enterprise challenge fund) is a competitive financing facility to disburse donor funding for international development projects, typically utilizing public sector or private foundation funds for market-based or incentive driven solutions.