This came as part of The International Development (Official Development Assistance Target) Act 2015.Īt the September 2015 United Nations General Assembly meeting in New York, the UK was the only country with a permanent seat on the UN Security Council to commit to a 2% defence budget and a 0.7% aid budget. Then in 2015 the UK Government made it the law that 0.7% of GNI must be spent as ODA. The UK first delivered on its pledge to spend 0.7% of Gross National Income as ODA in 2013, becoming the first G7 country to meet this longstanding commitment. The ODA criteria are set by the OECD’s Development Assistance Committee (DAC), which is a group of 29 donors, including the UK. To count as ODA, an activity must promote the economic development and welfare of developing countries as its main objective. Official Development Assistance ( ODA), often referred to as aid, is the internationally agreed criteria for funds provided to developing countries or multilateral institutions to fight poverty and promote development.

Read the UK’s strategy for meeting this target: UK aid: tackling global challenges in the national interest 1. This is not just the right thing to do, but firmly in our own national interest as well. The UK government is the only G7 country to have met the UN’s target to spend 0.7 per cent of gross national income on overseas aid. Official development assistance ( ODA) – commonly known as overseas aid – is when support, expertise or finance is supplied by one government to help the people of another country.

Oda meaning