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how does net official development assistance received of a country affect human/economic development?

Venezuela, 32.5 310 32.7 3.8 32.9 12. Net official development assistance received (% of GNI) 2016 0.1 0 2017 0 2018 0.2 0.6
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Answer #1

Net official development assistance

It is a initiative designed to promote economic development and welfare of developing countries.It consists of loan disbursed on concessional terms and grants by official agencies of the members of the Development Assistance Committee. It excludes loans and credits for military purpose.

It has direct affect on the Human resource as well he economy

On human resource and economic front - The loan taken is utilised for development purpose which significantly increase the GDP level of the company and affect economy in good way creating more Jobs in the country. However there could be negative impact too on the per capita income as the Aid taken can affect the income of the developing countries.

The Aid can be utilised for below purposes

  • Support global peace
  • Development efforts
  • Increase employment
  • humanitarian assistance
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