Definition:
This indicator is defined as the percentage of the Gross National Incomes (GNI) of the OECD’s Development Assistance Committee’s (DAC) donor members that is disbursed as Official Development Assistance (ODA) to all developing countries and least developed countries.
Concepts:
The DAC defines ODA as those flows to countries and territories on the DAC list of ODA recipients and multilateral institutions which are:
(1) Provided by official agencies, including state and local governments, or by their executive agencies; and
(2) Each transaction of which:
a. is administered with the promotion of the economic development and welfare of developing countries as its main objective; and
b. is concessional in character and conveys a grant element of at least 25 percent (calculated at a rate of discount of 10%).
Gross National Income (GNI) is defined as the sum of a country’s gross domestic product plus net income received from overseas.
Rationale and Interpretation:
Target 17.2 measures the commitment by many developed countries to achieve the target of 0.7 per cent of ODA/GNI and 0.15-0.20 per cent of ODA/GNI to the least developed countries.
