what is official development assistance?
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Official Development Assistance(ODA)
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What is ODA?
Official Development Assistance (ODA) is theterm used to refer to what most people wouldcall aid.
To be counted as ODA, public money must begiven outright or loaned on concessional (non-commercial) terms, and be used to support thewelfare or development of developing countries.
- Organization for Economic Cooperation andDevelopment
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What is ODA?
Official development assistance are resourceflows provided by bilateral sources andmultilateral institutions with the objective of
promoting the economic development andwelfare of the recipient country.
Behind this altruistic intention, however, ODAhas been used as an instrument of foreign
policy of more developed countries to advancetheir political and commercial interests.
- National Economic and Development Authority
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What is ODA?
ODA is a loan or loan and grant administeredwith the objective of promoting sustainablesocial and economic development and welfare
of the Philippines.- Republic Act 8182 - Official Development
Assistance Act of 1996 (Section 2a)
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What Makes ODA Unique?
Concessional in nature
To qualify as ODA, the money given by the donorcountry/institution should have a grant
component of at least 25%.
Offered below market rates
Compared to government bonds or ordinary loans
given by banks or international financialinstitutions, accompanied by longer paymentperiods.
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Types of ODA
According to terms of assistance
Soft Loans
have interest rates, which may range from zero toseven percent, maturity periods ranging fromten to 50 years and grace periods of five to tenyears.
Grantshas no repayment obligation and are mainly
provided in the form of experts, consultancyservices, equipment, commodities and training.
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Types of ODA
According to donor
Bilateral
flows from official (government) sources directly toofficial sources in the recipient country.
Multilateral
core contributions from official (government)
sources to multilateral agencies where it isthen used to fund the multilateral agenciesown programmes.
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What Qualifies as an ODA Project?
It should be used to achieve equitable growth anddevelopment in (all) provinces
Improvement of economic and social service facilities
Priority to countryside development, ruralinfrastructure and economic zones under the PEZA
Project should be previously identified as a nationalpriority which is urgent or necessary
ODA should not be used solely for convenience,availability or accessibility
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Monitoring and Oversight
National Economic and Development Authority(NEDA)
annual review of the status of all projects financed
by ODA, identify causes of delays, reasons forbottlenecks, cost overruns, both actual andprospective, and continued viability
Commission on Audit
audit on each ongoing and completed project
Congressional Oversight Committee
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ODA Programming Process
Country ProgramReview
ProjectIdentification
Pipelining ofProjects
ICC EvaluationAnd NEDA
Approval
Donor AppraisalAnd Approval
Implementation
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Donor Institutions in the Philippines
Asian Development Bank (ADB)
European Union (EU)
World Bank
International Monetary Fund
United Nations (UN) and related agencies
Country-specific donor agencies (US AID,JICA, GIZ, AusAID, etc.)
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Microenterprise Access to Banking Services-4 (MABS-4) Program(USAid)
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E-Trikes Project (ADB)
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Current ODA Disbursements
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Resources
NEDA Microsite on ODA:http://www.neda.gov.ph/subweb/oda/ODA/oda.htm
OECD Definition of ODA:http://www.oecd.org/dac/stats/faq.htm
RA 8182 (including IRR):
http://www.neda.gov.ph/progs_prj/oda/odaAct.htm Data on ODA implementation:
http://www.aidflows.org/
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Resources
NEDA Microsite on ODA:http://www.neda.gov.ph/subweb/oda/ODA/oda.htm
OECD Definition of ODA:http://www.oecd.org/dac/stats/faq.htm
RA 8182 (including IRR):
http://www.neda.gov.ph/progs_prj/oda/odaAct.htm Data on ODA implementation:
http://www.aidflows.org/
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