10 ODA Official Development Assistance. Those flows to countries and territories on the DAC List of ODA Recipients and to multilateral development institutions which are: -- provided by official agencies, including state and local governments, or by their executive agencies; and -- each transaction of which: a) is administered with the promotion of the economic development and welfare of developing countries as its main objective; and b) is concessional in character and conveys a grant element of at least 25 per cent (calculated at a rate of discount of 10 per cent). 20 OOF Other Official Flows Official sector transactions that do not meet the ODA criteria, e.g. -- Grants to developing countries for representational or essentially commercial purposes. -- Official bilateral transactions intended to promote development but having a grant element of less than 25 per cent. -- Official bilateral transactions, whatever their grant element, that are primarily export-facilitating in purpose. -- The net acquisition by governments and central monetary institutions of securities issued by multilateral development banks at market terms. -- Subsidies (grants) to the private sector to soften its credits to developing countries. -- Funds in support of private investment. 30 Private Grants Grants made by private non-governmental organisations and other private sources (including foundations and other private bodies). Grants by private non-profit-making agencies, including co-operative societies and trade unions, which are active in development and national in the sense that their funds are fully or mainly obtained from sources in the donor economy. 35 Private Market Private long-term (i.e. over one-year maturity) capital transactions. Direct investment (new capital outflows and reinvested earnings), other securities and claims (bonds, export credits, equities) by banks and nonbanks, multilateral private flows. 40 Non flow eg GNI 50 Other flows Non-ODA component of peacebuilding operations.