word
Official Development Assistance
uh-FISH-ul deh-VEL-up-munt uh-SIS-tuns
/əˈfɪʃəl dɪˈvɛləpmənt əˈsɪstəns/Listen
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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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