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What is ODA?
Official Development Assistance (ODA) is the term used to refer to what most people would call aid.
To be counted as ODA, public money must be given outright or loaned on concessional (noncommercial) terms, and be used to support the welfare or development of developing countries. - Organization for Economic Cooperation and Development
What is ODA?
Official development assistance are resource flows provided by bilateral sources and multilateral institutions with the objective of promoting the economic development and welfare of the recipient country.
Behind this altruistic intention, however, ODA has been used as an instrument of foreign policy of more developed countries to advance their political and commercial interests. - National Economic and Development Authority
What is ODA?
ODA is a loan or loan and grant administered with the objective of promoting sustainable social and economic development and welfare of the Philippines.
- Republic Act 8182 - Official Development Assistance Act of 1996 (Section 2a)
Concessional in nature
To qualify as ODA, the money given by the donor country/institution should have a grant component of at least 25%.
Compared to government bonds or ordinary loans given by banks or international financial institutions, accompanied by longer payment periods.
Types of ODA
According to terms of assistance
Soft Loans
have interest rates, which may range from zero to seven percent, maturity periods ranging from ten to 50 years and grace periods of five to ten years.
Grants
has no repayment obligation and are mainly provided in the form of experts, consultancy services, equipment, commodities and training.
Types of ODA
According to donor
Bilateral
flows from official (government) sources directly to official sources in the recipient country.
Multilateral
core contributions from official (government) sources to multilateral agencies where it is then used to fund the multilateral agencies own programmes.
Defines what qualifies as ODA in the Philippines Exludes ODA from the foreign debt limit (amending RA 4860) Specifies what programs and projects may qualify for ODA Establishes oversight mechanisms for monitoring and evaluation for ODA-funded projects
annual review of the status of all projects financed by ODA, identify causes of delays, reasons for bottlenecks, cost overruns, both actual and prospective, and continued viability
Commission on Audit
Any agency of the national government, including GOCCs, may implement an ODA-funded project (RA 8182 IRR, Sec. 2.1b) Counterpart funding for each project must be included in the annual General Appropriations Act in every fiscal year. Whenever possible, Filipinos and Filipino goods and services should be preferred through-out the implementation of the project, unless the President waives or modifies it in agreement with the donor institution (RA 8182 Sec. 6.2, RA 8555, Sec. 1)
Project Identification
Pipelining of Projects
Implementation
World Bank
International Monetary Fund United Nations (UN) and related agencies Country-specific donor agencies (US AID, JICA, GIZ, AusAID, etc.)
New school buildings at Datu Embak Mangansing Memorial High School, Pikit, North Cotabato (JICA)
Resources
http://www.neda.gov.ph/progs_prj/oda/odaAct.htm
Resources
http://www.neda.gov.ph/progs_prj/oda/odaAct.htm