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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] It is distinguished from humanitarian aid by aiming at a sustained improvement in the conditions in a developing country, rather than short ...
The primary recipients of American foreign aid are developing countries, countries of strategic importance to the United States, and countries recovering from war. While the United States has given aid to other countries since 1812, government-sponsored foreign aid was expanded during World War II , with the current aid system implemented in ...
The Development Assistance Committee of the Organisation for Economic Co-operation and Development defines its aid measure, Official Development Assistance (ODA), as follows: "ODA consists of flows to developing countries and multilateral institutions provided by official agencies, including state and local governments, or by their executive agencies, each transaction of which meets the ...
The United States Agency for International Development (USAID) is an independent agency of the United States government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $50 billion, USAID is one of the largest official aid agencies in the world and accounts for more than half ...
The European Union accumulated a higher portion of GDP as a form of foreign aid than any other economic union. [2] The United States is a small contributor relative to GNI (0.18% 2016 [3]) but is the largest single DAC donor of ODA in 2019 (US$34.6 billion), followed by Germany (0.6% GNI, US$23.8 billion), the United Kingdom (0.7%, US$19.4 ...
Development economics. The Point Four Program was a technical assistance program for "developing countries" announced by United States President Harry S. Truman in his inaugural address on January 20, 1949. It took its name from the fact that it was the fourth foreign policy objective mentioned in the speech.
The UNDP emphasizes on developing local capacity towards long-term self-sufficiency and prosperity. [3] Based at United Nations Headquarters in New York City, it is the largest UN development aid agency, [3] with offices in 177 countries. [4] [5] The UNDP is funded entirely by voluntary contributions from UN member states. [5]
Aid for Trade: Included in Sustainable Development Goal 8 under Target 8.a.1 Increase aid for trade is an initiative to help developing countries practice trade and benefit. Aid for trade is to assist developing countries in trade related programmes, prioritize trade and trade capacity, improve trade performance and reduce poverty. [134]