Economic and Financial Crisis – Challenge for Adaptation of the Official Development System of the Slovak Republic

Official Development Assistance (ODA) system is not being considered as a traditional instrument for economic cooperation promotion between the donor and the recipient country. The ongoing economic and financial crisis has severely affected the competitive pressure in the international and national markets. The aim of each economic entity is to adapt and to ensure the competitive advantage in a turbulent economic environment. The main objective is to examine the economic cooperation development of Slovakia through official development projects in Kenya. The author analyses the ODA system of Slovak Republic during the economic and financial crisis and presents the possibility of economic cooperation development between Slovak Republic and the ODA recipient countries (namely Kenya).