TERMS

ODA: Money loaned to another country for developing its economy with minimum grant element of
25%.

Grant element is the difference between nominal value of the loan and the discounts offered on the
loan as a percentage of its nominal value.

Countries by ODA given

1. United States – $31.08 billion

2. United Kingdom – $18.70 billion

3. Germany – $17.78 billion

4. Japan – $9.32 billion

5. France – $9.23 billion

6. Sweden – $7.09 billion

7. Netherlands – $5.81 billion

8. United Arab Emirates – $4.39 billion (non-DAC member)

9. Canada – $4.29 billion

10. Norway – $4.28 billion

11. Turkey – $3.91 billion (non-DAC member)

12. Italy – $3.84 billion

13. Switzerland – $3.54 billion

14. Australia – $3.22 billion

15. Denmark – $2.57 billion