Aid , debt and development

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ib economics (Development Economics ) Flashcards on Aid , debt and development , created by bella.calonje on 31/03/2014.
bella.calonje
Flashcards by bella.calonje, updated more than 1 year ago
bella.calonje
Created by bella.calonje over 10 years ago
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Question Answer
Define ODA official development assistance is aid that is organised by a government of an official government agency of a donor country
Define Humanitarian Aid Aid given to alleviate short term suffering which may be caused by natural disasters (does not have to be repaid)
Name and give examples of three types of grant aid Food Aid: provision of food, money given for transport/distribution of food Medical Aid: medical services and provisions and money to facilitate medical services Emergency Aid: emergency supplies- temporary shelters, tents, clothing, fuel, heating
Define Development Aid given to alleviate poverty in the long term and improve the welfare of individuals
Types of development aid Long-term loans Tied Aid Project Aid technical assistance aid commodity aid (to increase productivity, provides funds to purchase commodities)
Bilateral Aid Aid given from one country directly to the other
Multilateral aid aid given by rich countries to international aid agencies (e.g World bank, UN, IMF)
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