ODA, DAC and the 0.7% standard

ODA (Official Development Assistance)

In order to compare the assistance efforts of the various donors and monitor the fulfilment of pledges made, the concept of ODA, Official Development Assistance, was developed, whereby it is possible to discuss on an international basis what may and may not be categorised as “aid”. This standard has since been adopted internationally; its definition is managed by the Development Assistance Committee (DAC) of the OECD. Read more... 

Belgian ODA