ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Trends In Development Assistance

NET disbursements of official develop-ment assistance (ODA) by DAC mem-bers in 1981 amounted to $ 25.5 bil-lion, or 0.35 per cent of their GNP. Aggregate volume figures are conven-tionally calculated by converting na-tional data into US dollars using cur' rent exchange rates. The dollar appre-ciated markedly against most DAC members' currencies in 1981, on ave-rage by 13 per cent The statistical effects of this explain most of the apparent decline in ODA between 1980 (when it was $ 27.3 billion in current prices and exchange rates) and 1981. At constant exchange rates, DAC ODA rose by 6 per cent, slightly below the rate of inflation.

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