Net official development assistance and official aid received (current US$)

This indicator captures financial resources aimed at fostering economic advancement and improving living standards in eligible countries as identified by the Development Assistance Committee (DAC). It encompasses disbursements from government entities that include concessional loans—those with favorable repayment terms—alongside grants, which are funds not required to be repaid. The loans must maintain a minimum grant element of 25%, evaluated using a 10% discount rate. While the focus remains on facilitating growth in developing nations, the historical context reveals that aid also targeted more advanced countries until 2005. Data on these financial flows, reported in current U.S. dollars, provides critical insights into international commitment to development aid and the evolving dynamics of global assistance. Source: