Aid channelled through multilateral institutions for use in or on behalf of aid recipient countries.
Background
Background
G-7
Group of seven leading industrialized countries - USA, Britain, France, Italy, Japan, Germany and Canada.
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Comprehensive Development Framework
Framework developed by the World Bank to coordinate all actors in the development process towards implementing a coherent framework of macroeconomic, structural and social reforms for poverty reduction.
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Tranche
An installment of a loan: IMF loans are disbursed incrementally to ensure adherence to attached conditions.
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Poverty Reduction Support Credit
Bank programme loan availability to countries in support of a Poverty Reduction Strategy Paper (PRSP).
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Inter-American Development Bank
A financial institution responsible for the financing of social and economic development in Latin America and the Caribbean.
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Environmental Strategy
Strategy adopted by the World Bank in relation to the environmental dimensions of World Bank policies.
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Back Loading
Deferring the disbursement until specified conditions have been implemented.
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Southern Countries
Encompasses what is commonly termed as 'developing' and 'less developed' countries of Africa, Asia and Latin America.
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Part I Countries
Donors to the International Development Association (IDA) who pay their contributions in freely convertible currency.
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Heavily-Indebted Poor Countries
Forty-one low-income countries whose external debt level is deemed to be unsustainable.
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Development Assistance Committee
This committee within the OECD provides a forum for consultation among the 21 donor countries on how to increase the level and effectiveness of aid flows to recipient countries.
