The term __________ refers to grants or subsidized loans to low-income countries with the stated purpose of promoting their development.

Question

Quizplus · Accepted Answer

Official development assistance (ODA) refers to grants or subsidized loans given by developed countries to developing countries with the intention of promoting their development. ODA is a key source of finance for many low-income countries and is often used to support projects that promote economic growth, poverty reduction, and improvements in social services, such as education and healthcare. The World Bank and the International Monetary Fund (IMF) are two of the major organizations that provide ODA.

The Term __________ Refers to Grants or Subsidized Loans to Low-Income