DEVS 100 Lecture Notes - Lecture 7: Remittance, International Monetary Fund, Debt Relief

• School: Queen's University
• Department: Global Development Studies
• Course: DEVS 100
• Professor: Scott Rutherford

Document Summary

Foreign aid: transfer of resources from one country to another to assist in development," humanitarian need, etc. Oda: (of cial development assistance) helps them to develop over time through their own resources. The ows of of cial nancing administered to promote developing countries economic development and welfare and is concessional in character. Aid from individuals, foundations, ngos, or private corporations does not count as oda. Foreign aid is a big umbrella, including military assistance and stuff. Oda rests underneath that, and focuses mainly on development purposes. Now department of foreign affairs, trade and development. Donors or lenders: the providers of development assistance. Bilateral aid: aid that is given by donors directly to developing countries. Multilateral aid: aid given by donors through multilateral organizations. Loan: donation that needs to be paid back. 1961 - stimulate economic progress and world trade. Development assistance committee (dac) of the oecd monitors aid and converses with donors about quality and quantity of aid.