Official development assistance: current state and trends

Kozhukhova, Tetiana and Кожухова, Тетяна Валеріївна (2015) Official development assistance: current state and trends. Економічний аналіз, 22 (1). pp. 19-26. ISSN 1993-0259

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Abstract

The paper's objective is to analyze the current state and identify trends in the official development assistance to developing countries. The study uses the methods of economic and statistical as well as comparative analysis (for analyzing the current state of and identifying the trends in official development assistance), the graphical method (for visualizing changes in the size of external assistance), and the abstract and logical method. The main aspects of official development assistance have been presented. The current state of external assistance has been analyzed. The trends in the provision thereof have been identified. A gap between allocated aid and commitments of donors has been identified, notwithstanding an increase in aid to developing countries. It has been determined that: bilateral aid comprises the largest share in the total volume of aid; the largest volume of aid has been directed to the social sector; countries in Africa south of the Sahara are the main recipients of aid; countries that mostly need financial assistance are the least developed countries and countries with low levels of income. Estimated financing needs for sustainable development have been reviewed. Priority areas have been established for external assistance

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