DAC

In 2015, development aid grew by 6.9% from 2014, totalling 131.6 billion US dollars, as was recently reported by Development Assistance Committee (DAC) of the Organisation for Economic Cooperation and Development (OECD).

At the beginning of 2015, the OECD published a new working paper, which assesses the need for adaption of the members of the OECD’s Development Assistance Committee (DAC) to contextual changes. The DAC, which serves as an international forum of many of the largest funders of aid, was established in 1961 and has continuously aimed to facilitate exchange of experience and insights into how to co-ordinate and manage development finance for greater impact.