Net official development assistance by donor
To qualify as official development assistance, a contribution must contain three elements: • Be undertaken by the official sector (that is, a government or government agency); • With promotion of economic development and welfare as the main objective; • At concessional financial terms (that is, with favorable loan terms.) Thus, by definition, ODA does not include private donations, nor any development loans at market rates. The sum of contributions by EU member states, considered separately from EU institutions, was over $70 billion. The OECD's Development Assistance Committee members' total budget reached around 150 billion dollars and was contributed by the following donors in 2019: DAC members Non-DAC members ==See also==