Europe & Central Asia (excluding high income) | Net official development assistance received (current US$)

Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars. Development relevance: DAC exists to help its members coordinate their development assistance and to encourage the expansion and improve the effectiveness of the aggregate resources flowing to recipient economies. In this capacity DAC monitors the flow of all financial resources, but its main concern is official development assistance (ODA). Grants or loans to countries and territories on the DAC list of aid recipients have to meet three criteria to be counted as ODA. They are provided by official agencies, including state and local governments, or by their executive agencies. They promote economic development and welfare as the main objective. And they are provided on concessional financial terms (loans must have a grant element of at least 25 percent, calculated at a discount rate of 10 percent). The DAC Statistical Reporting Directives provide the most detailed explanation of this definition and all ODA-related rules. DAC statistics aim to meet the needs of policy makers in the field of development co-operation, and to provide a means of assessing the comparative performance of aid donors. DAC statistics are used extensively in the Peer Reviews conducted for each DAC member every four to five years, and have a wide range of other applications. They are used to measure donors' compliance with various international recommendations in the field of development co-operation (terms, volume), and are indispensable for analysis of virtually every aspect of development and development co-operation. From 1960 to 1990, official development assistance (ODA) flows from DAC countries to developing countries rose steadily, but then fell sharply in the 1990s. Since then, a series of high-profile international conferences have boosted ODA flows. In the mid-2000s, ODA once again rose due to exceptional debt relief operations for Iraq and Nigeria. Despite the recent financial crisis, ODA flows have continued to rise and in the early 2010s reached their highest real level ever at about USD 130 billion. This demonstrates effectiveness of aid pledges, especially when they are made on the basis of adequate resources and backed by strong political will. Limitations and exceptions: Data on ODA is for aid-receiving countries. The data cover loans and grants from DAC member countries, multilateral organizations, and non-DAC donors. They do not reflect aid given by recipient countries to other developing countries. As a result, some countries that are net donors are shown as aid recipients. The indicator does not distinguish types of aid (program, project, or food aid; emergency assistance; or post-conflict peacekeeping assistance), which may have different effects on the economy. Because the indicator relies on information from donors, it is not necessarily consistent with information recorded by recipients in the balance of payments, which often excludes all or some technical assistance - particularly payments to expatriates made directly by the donor. Similarly, grant commodity aid may not always be recorded in trade data or in the balance of payments. Moreover, DAC statistics exclude aid for military and antiterrorism purposes. The nominal values may overstate the real value of aid to recipients. Changes in international prices and exchange rates can reduce the purchasing power of aid. Tying aid, still prevalent though declining in importance, also tends to reduce its purchasing power. Tying requires recipients to purchase goods and services from the donor country or from a specified group of countries. Such arrangements prevent a recipient from misappropriating or mismanaging aid receipts, but they may also be motivated by a desire to benefit donor country suppliers. The aggregates refer to World Bank classifications of economies and therefore may differ from those of the OECD. Statistical concept and methodology: The flows of official and private financial resources from the members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to developing economies are compiled by DAC, based principally on donor reports on bilateral programs by DAC members using standard questionnaires issued by the DAC Secretariat. DAC has 24 members - 23 individual economies and 1 multilateral institution (European Union institutions). Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of DAC, by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars. Total net disbursements is the sum of grants, capital subscriptions (deposit basis), recoveries and total net loans and other long-term capital. The ODA excludes nonconcessional flows from official creditors, which are classified as "other official flows," and aid for military and anti-terrorism purposes. Transfer payments to private individuals, such as pensions, reparations, and insurance payouts, are in general not counted. In addition to financial flows, ODA includes technical cooperation, most expenditures for peacekeeping under UN mandates and assistance to refugees, contributions to multilateral institutions such as the United Nations and its specialized agencies, and concessional funding to multilateral development banks. Flows are transfers of resources, either in cash or in the form of commodities or services measured on a cash basis. Short-term capital transactions (with one year or less maturity) are not counted. Repayments of the principal (but not interest) of ODA loans are recorded as negative flows. Proceeds from official equity investments in a developing country are reported as ODA, while proceeds from their later sale are recorded as negative flows. The official development assistance (ODA) estimates are published annually at the end of the calendar year in International Development Statistics (IDS) database.
Publisher
The World Bank
Origin
Europe & Central Asia (excluding high income)
Records
63
Source
Europe & Central Asia (excluding high income) | Net official development assistance received (current US$)
1960 207199996.94824
1961 353360000.61035
1962 395360000.61035
1963 377580001.83105
1964 263150001.52588
1965 266000000
1966 318340003.96728
1967 200879995.82291
1968 167690004.82559
1969 178239994.04907
1970 136620002.74658
1971 199719996.45233
1972 267659996.03271
1973 204519996.64307
1974 114029998.7793
1975 84040000.915527
1976 157169998.16895
1977 99880002.02179
1978 130500000
1979 554119983.6731
1980 935899991.98914
1981 712239975.92926
1982 639699999.80927
1983 358389985.32295
1984 243259995.69893
1985 190390006.06537
1986 358269990.92102
1987 413719993.59131
1988 331089998.72208
1989 198160005.34035
1990 1360939974.5557
1991 2214780039.0963
1992 2350230062.7232
1993 3706199982.4047
1994 2802030027.3895
1995 3099029994.9646
1996 3010379989.624
1997 2517749982.8339
1998 2852509951.5915
1999 4613600025.6538
2000 4442420035.8391
2001 4260340079.7844
2002 6172769874.0959
2003 4479059942.5137
2004 4689859979.6295
2005 4824019959.6882
2006 6007630027.771
2007 5793659950.2563
2008 7020559988.0218
2009 7678640005.1117
2010 7156200000.7629
2011 10442530050.278
2012 9997339969.635
2013 8997940103.5309
2014 10380229999.542
2015 8548860034.4658
2016 9732459959.9838
2017 9776500093.9369
2018 8219139943.1229
2019 7293069937.706
2020 10809940140.724
2021 9729970041.275
2022

Europe & Central Asia (excluding high income) | Net official development assistance received (current US$)

Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of the Development Assistance Committee (DAC), by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars. Development relevance: DAC exists to help its members coordinate their development assistance and to encourage the expansion and improve the effectiveness of the aggregate resources flowing to recipient economies. In this capacity DAC monitors the flow of all financial resources, but its main concern is official development assistance (ODA). Grants or loans to countries and territories on the DAC list of aid recipients have to meet three criteria to be counted as ODA. They are provided by official agencies, including state and local governments, or by their executive agencies. They promote economic development and welfare as the main objective. And they are provided on concessional financial terms (loans must have a grant element of at least 25 percent, calculated at a discount rate of 10 percent). The DAC Statistical Reporting Directives provide the most detailed explanation of this definition and all ODA-related rules. DAC statistics aim to meet the needs of policy makers in the field of development co-operation, and to provide a means of assessing the comparative performance of aid donors. DAC statistics are used extensively in the Peer Reviews conducted for each DAC member every four to five years, and have a wide range of other applications. They are used to measure donors' compliance with various international recommendations in the field of development co-operation (terms, volume), and are indispensable for analysis of virtually every aspect of development and development co-operation. From 1960 to 1990, official development assistance (ODA) flows from DAC countries to developing countries rose steadily, but then fell sharply in the 1990s. Since then, a series of high-profile international conferences have boosted ODA flows. In the mid-2000s, ODA once again rose due to exceptional debt relief operations for Iraq and Nigeria. Despite the recent financial crisis, ODA flows have continued to rise and in the early 2010s reached their highest real level ever at about USD 130 billion. This demonstrates effectiveness of aid pledges, especially when they are made on the basis of adequate resources and backed by strong political will. Limitations and exceptions: Data on ODA is for aid-receiving countries. The data cover loans and grants from DAC member countries, multilateral organizations, and non-DAC donors. They do not reflect aid given by recipient countries to other developing countries. As a result, some countries that are net donors are shown as aid recipients. The indicator does not distinguish types of aid (program, project, or food aid; emergency assistance; or post-conflict peacekeeping assistance), which may have different effects on the economy. Because the indicator relies on information from donors, it is not necessarily consistent with information recorded by recipients in the balance of payments, which often excludes all or some technical assistance - particularly payments to expatriates made directly by the donor. Similarly, grant commodity aid may not always be recorded in trade data or in the balance of payments. Moreover, DAC statistics exclude aid for military and antiterrorism purposes. The nominal values may overstate the real value of aid to recipients. Changes in international prices and exchange rates can reduce the purchasing power of aid. Tying aid, still prevalent though declining in importance, also tends to reduce its purchasing power. Tying requires recipients to purchase goods and services from the donor country or from a specified group of countries. Such arrangements prevent a recipient from misappropriating or mismanaging aid receipts, but they may also be motivated by a desire to benefit donor country suppliers. The aggregates refer to World Bank classifications of economies and therefore may differ from those of the OECD. Statistical concept and methodology: The flows of official and private financial resources from the members of the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to developing economies are compiled by DAC, based principally on donor reports on bilateral programs by DAC members using standard questionnaires issued by the DAC Secretariat. DAC has 24 members - 23 individual economies and 1 multilateral institution (European Union institutions). Net official development assistance (ODA) consists of disbursements of loans made on concessional terms (net of repayments of principal) and grants by official agencies of the members of DAC, by multilateral institutions, and by non-DAC countries to promote economic development and welfare in countries and territories in the DAC list of ODA recipients. It includes loans with a grant element of at least 25 percent (calculated at a rate of discount of 10 percent). Data are in current U.S. dollars. Total net disbursements is the sum of grants, capital subscriptions (deposit basis), recoveries and total net loans and other long-term capital. The ODA excludes nonconcessional flows from official creditors, which are classified as "other official flows," and aid for military and anti-terrorism purposes. Transfer payments to private individuals, such as pensions, reparations, and insurance payouts, are in general not counted. In addition to financial flows, ODA includes technical cooperation, most expenditures for peacekeeping under UN mandates and assistance to refugees, contributions to multilateral institutions such as the United Nations and its specialized agencies, and concessional funding to multilateral development banks. Flows are transfers of resources, either in cash or in the form of commodities or services measured on a cash basis. Short-term capital transactions (with one year or less maturity) are not counted. Repayments of the principal (but not interest) of ODA loans are recorded as negative flows. Proceeds from official equity investments in a developing country are reported as ODA, while proceeds from their later sale are recorded as negative flows. The official development assistance (ODA) estimates are published annually at the end of the calendar year in International Development Statistics (IDS) database.
Publisher
The World Bank
Origin
Europe & Central Asia (excluding high income)
Records
63
Source