|
Aid activities are financed through grants and “soft” loans (low interest rate and long duration). For most types of financial flows, the Aid Activity database records the face value of the activity at the date a grant or loan agreement is signed with the recipient. This is called a commitment.
The implementation of an aid activity can go on for several years. Data on the amounts disbursed each year are available at the activity level for some, but not all, donors. Consequently, most analyses have to be undertaken on a commitment basis.
Total commitments per year comprise new undertakings entered in the year in question (regardless of when disbursements are expected) and additions to agreements made in earlier years. (Cancellations and reductions of earlier years’ agreements are not taken into account.)
Aid flows are measured on a calendar year basis.
|
