The OECD Development Assistance Committee became part of the OECD by Ministerial Resolution on 23 July 1961. It is a unique international forum of many of the largest funders of aid, including 30 DAC Members. Asian Development Bank, African Development Bank, Inter-American Development Bank, International Monetary Fund, United Nations Development Programme and the World Bank participate as observers.
|The DAC has the mandate to:|
... promote development co-operation and other policies so as to contribute to sustainable development, including pro-poor economic growth, poverty reduction, improvement of living standards in developing countries, and a future in which no country will depend on aid.
Susanna Moorehead has been appointed as the new Chair of the OECD’s Development Assistance Committee (DAC).
In 2016 the DAC decided to set up a High Level Panel to propose options for a transformation of its decision making on global development assistance issues. In January 2018, the DAC issued a report on the implementation of the High Level Panel’s recommendations.
The DAC remains at the heart of the OECD Development Co-operation Directorate, offering a wealth of experience and insights into how to co-ordinate and manage development finance for greater impact.
Meeting on December 5th 2018, members of the OECD Development Assistance Committee (DAC) reaffirmed their commitment to implementing the principles of private sector instruments (PSI) and finalised provisional reporting arrangements to the Secretariat for 2018 and 2019 data, and any years afterwards, until the final PSI rules are agreed upon.
Tidewater is an annual informal high-level gathering of development ministers and representatives of Members of the Development Assistance Committee. It is named after the Tidewater Inn in Easton, Maryland, the venue of the inaugural meeting in 1968.