Official Development Assistance

Official Development Assistance
Author(s):
Dr. SHIVARAJ
Keywords:
Financial institutions, Banks, Soft loans, Investments
Abstract
The concept of 'official development assistance' informs international economic theory and analysis of the transfer of resources from rich countries to developing countries. There is considerable resource disparity between developing and poor economies in the economy. There, poor countries have to obtain resources from rich countries, mainly in the form of loans and aid. But they are unable to access large amounts of resources in the form of commercial relations. So they need official help. Official development assistance here means soft loans (soft loans) and aid from official sources. Sources can mean foreign governments, and international financial institutions.
Article Details
Unique Paper ID: 163195 Publication Volume & Issue: Volume 10, Issue 11 Page(s): 2901 - 2903
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