Search results
Results From The WOW.Com Content Network
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 federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
The UN and United States government published reports expressing support for the creation of a multilateral, concessional lending program for the poorest developing countries. [10] However, the United States was largely unresponsive and ultimately distracted by its involvement in the Korean War and unconvinced that development needed greater ...
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
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.
UNDP helps countries develop strategies to combat poverty by expanding access to economic opportunities and resources, linking poverty programmes with countries' larger goals and policies, and ensuring a greater voice for the poor. It also works at the macro level to reform trade, encourage debt relief and foreign investment, and ensure the ...
The United States government gave out about $12.5 billion under the Plan during its three-and-a-half-year existence. The countries receiving the most were Great Britain ($3.3 billion), France ($2.3 billion) and West Germany ($1.4 billion). [20] Meanwhile, President Truman had started the practice of giving aid for the development of poorer ...