development aid


 

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Definition: 

The economic assistance or other types of support provided to developing countries to promote or encourage advancement in living standards, institutions, infrastructure, agricultural practices and other aspects of an economy, and to resolve problems typically associated with developing countries. (Source: GEMET/ODE)

  • A government-controlled institution that invests in projects with a double bottom-line objective of stimulating development in developing countries and emerging economies with remaining financially viable institution. (Source: UNCCD-ICCD/CIRC(11)/INF3)
Synonyms
  • development cooperation
  • development finance institution
  • development agency

Content tagged with development aid

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