Term:
Aid in kind
Definition:
Flows of goods and services with no payment in money or debt instruments in exchange. In some cases, “commodity aid” goods (such as grain) are subsequently sold and the receipts are used in the budget or, more commonly through a special fund, for public expenditure.
Domain:
Finance
Source:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary