This indicator reflects the net official development assistance (ODA) provided by members of the Development Assistance Committee (DAC) to Greece, encompassing both grants and loans. It accounts for the total financial support disbursed for development purposes, less any repayments made on previous loans. ODA is characterized by its concessional nature, meaning it typically includes loans with a minimum grant element of 25% designed to foster economic growth and social welfare. Although part II of the DAC list, which included more advanced countries, was phased out in 2005, Greece continues to receive bilateral aid that plays a vital role in enhancing its developmental projects and addressing emerging socio-economic challenges, with all figures expressed in current U.S. dollars to reflect real-time value.
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