Any international transfer made on concessional terms for the purposes of promoting economic development is called:

A) foreign aid.
B) a unilateral transfer.
C) a coupon.
D) private investment.
E) a remittance.

Concessional Terms

Loan conditions that are more favorable to the borrower, including lower interest rates or longer repayment periods, typically offered by governments or international institutions.

Economic Development

The process by which the economic well-being and quality of life of a nation, region, or local community are improved according to targeted goals and objectives.

Foreign Aid

Financial or other forms of help given from one country to another for humanitarian or development purposes.