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Official Development Assistance

uh-FISH-ul deh-VEL-up-munt uh-SIS-tuns

/əˈfɪʃəl dɪˈvɛləpmənt əˈsɪstəns/

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Syllable breakdown

officialdevelopmentassistance

Dictionary meaning

Government-provided financial aid, grants, or concessional loans from developed countries to developing countries or multilateral institutions, aimed at promoting economic development and welfare; measured and tracked by the OECD Development Assistance Committee.

Examples

  • The OECD reported that total official development assistance reached a record high last year.
  • Countries that are members of the Development Assistance Committee commit to directing 0.7% of gross national income toward official development assistance.

Synonyms: ODA, foreign aid, development aid

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