Southeast Asia and Flow of Official Development Assistance

The Development Assistance Committee (DAC) of OECD defines ODA as “those flows to countries and territories on the DAC List of ODA Recipients and to multilateral development institutions which are:

1. provided by official agencies, including state and local governments, or by their executive agencies; and
2. each transaction of which:
   1. is administered with the promotion of the economic development and welfare of developing countries as its main objective; and
   2. is concessional in character and conveys a grant element of at least 25 per cent (calculated at a rate of discount of 10 per cent).”

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