The Official Development Assistance (ODA)
The 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.
ODA Act of 1996
An act excluding Official Development Assistance (ODA) from the foreign debt limit in order to facilitate the absorption and optimize the utilization of ODA resources, amending for the purpose paragraph 1, section 2 of Republic Act No. 4860, as amendedOfficial Development Assistance Act of 1996