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Max Planck Encyclopedia of Public International Law [MPEPIL]

Financial Assistance

Domenico da Empoli

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 01 August 2021

Subject(s):
Sustainable development

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 Financial assistance consists, in a flow of interventions, in kind or in cash, as intergovernmental grants and subsidized loans, whose aim is the improvement of the conditions of countries requesting external economic and financial support, ie mainly developing countries. The most common notions of aid are overseas development finance (‘ODF’) and overseas development assistance (‘ODA’). Conceptually, financial assistance is focused on bank loans and guarantees of specific projects, differing from technical assistance whose programmes cover a much larger set of...
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