Official Financing
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Official Development Finance. Total official flows to developing countries excluding officially supported export credits (the latter are regarded as primarily trade-promoting rather than development-oriented). Comprises official development assistance and other official development finance flows.
Official Development Assistance. As defined by the Organization for Economic Cooperation and Development (OECD), flows of official financing meet the following criteria:
* its main objective is to promote the economic development and welfare of the developing countries, and
* it is concessional in character and contains a grant element of at least 25 percent (using a fixed discount rate of...
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