Any international transfer made on concessional terms for the purposes of promoting economic development is called ____

Question

Quizplus · Accepted Answer

Concessional terms imply that the transfer is made on favorable terms, such as a low interest rate or longer repayment period, in order to promote economic development in the recipient country. This is the definition of foreign aid, which is typically provided by governments or international organizations to support economic development in developing countries.

Any International Transfer Made on Concessional Terms for the Purposes