Net Official Development Assistance (ODA) (USD millions, 2012 – WDI) ODA donor-country estimates (previous slide) also includes multilateral aid - Countries provide bilateral (direct) ODA as well as (indirect) aid through multilateral institutions
- Major institutions include
- World Bank, IMF, MIGA and IFC
- UN organizations
- European Union (EU) institutions, including the EC
- Regional banks e.g. AfDB, ABD, IADB
- Different rationales for multilateral aid, but generally
- Less tied to national interests, politics (no longer accept tied aid)
- “whole-sale” provision, lower overhead costs.
- Global harmonization of aid, shared global objectives
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