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Official Development
Assistance (ODA), as defined in Republic Act 8182 - ODA Act of 1996, is a loan or a grant
administered with the objective of promoting sustainable social and economic development
and welfare of the Philippines. ODA resources must be contracted with governments of
foreign countries with whom the Philippines has diplomatic, trade relations or bilateral
agreements or which are members of the United Nations, their agencies and international or
multilateral lending institutions. |
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