The 0.7% ODA/GNI target was first agreed in 1970, for achievement by the middle of the 1970s and has been repeatedly reaffirmed in communiqués and declarations from international meetings on development financing since then.
Official development assistance (ODA) is defined by the OECD Development Assistance Committee (DAC) as government aid that promotes and specifically targets the economic development and welfare of developing countries. The DAC adopted ODA as the “gold standard” of foreign aid in 1969 and it remains the main source of financing for development aid.
The OECD Development Assistance Committee is a unique international forum of many of the largest funders of aid, including 30 DAC members.
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DAC List of ODA Recipients - Effective for reporting on 2018, 2019 and 2020 flows
OECD maintains various codes lists which are used by donors to report on their aid flows to the DAC databases. In addition, these codes are used to classify information in the DAC databases.
Official Development Assistance (ODA) has played a major part in supporting the costs of the immediate response to this crisis. There is a need to continue to monitor these increasing in-donor costs, to ensure that the credibility of ODA is not called into question.
The DAC has measured resource flows to developing countries since 1961. Special attention has been given to the official and concessional part of this flow, defined as “official development assistance” (ODA). The DAC first defined ODA in 1969, and tightened the definition in 1972. ODA is the key measure used in practically all aid targets and assessments of aid performance.
The OECD DAC measures and monitors development finance targeting climate change objectives using two Rio markers: Climate Change Mitigation and Climate Change Adaptation.
Applying the Global Outlook’s holistic approach to financing for sustainable development, Transition Finance refers to the dynamics of external flows – concessional, non-concessional, private, philantropic, remittances, as well as domestic resources...
The DAC List of ODA Recipients is designed for statistical purposes. It helps to measure and classify aid and other resource flows originating in donor countries.