Official development assistance

The United Nations Millennium Declaration called on the industrialized countries to grant more generous development assistance, especially to those countries that are genuinely making an effort to apply their resources to poverty reduction. This two-track strategy of increasing aid volumes and making aid more effective in generating poverty reduction and meeting the other Millennium Development Goals (MDGs) has characterized much of international policy on official development assistance (ODA) since the beginning of the millennium.

Related Subject(s): Economic and Social Development