1.

According to OECD-DAC definitions, ODA refers to the flow of funds that meet the following three requirements: (1) that the funds be provided by an implementing agency of government; (2) that the main purpose of the funds is to contribute to the economic development and welfare of developing countries; and (3) that the terms of provision of fund assistance do not place a heavy burden on developing countries and that the grant element constitutes at least 26%.