A note on current problems with ODA as a statistical measure

In 1969, the OECD’s Development Assistance Committee (DAC) created official development assistance (ODA) as a measure of foreign aid effort. To qualify as ODA, transactions had to be “concessional in character,” i.e., to give something of value away. In 1970 the U.N. set a target for ODA of 0.7 percent of donors’ national income. The … Continue reading A note on current problems with ODA as a statistical measure