Private Official Development Assistance (PrivODA) is a term in international development that is reserved for nongovernment actors, including individuals and corporate entities, who voluntarily commit a percentage of their yearly income towards programs and activities that improve the lives of those living in developing countries.
PrivODA is coined from ODA (Official Development Assistance), which refers to government aid designed to promote the economic development and welfare of developing countries.
The concept of Private Official Development Assistance came into being as a result of the growing need for individuals and corporate entities to engage in the business of assisting developing countries in order to sure up enough financing to tackle myriads of development challenges.