The Development Assistance Committee (DAC) is an international committee that serves as a platform for coordinating and providing development assistance to countries in need. It was established in 1961 by the Organisation for Economic Co-operation and Development (OECD), an international economic organization consisting of 38 member countries.
The primary objective of the DAC is to promote economic growth and social progress in developing countries. It achieves this goal by facilitating dialogue, cooperation, and coordination among its member countries, which include both donor and recipient nations. The DAC helps to set policies, guidelines, and priorities for development assistance, ensuring that resources are allocated effectively and efficiently.
Development assistance, also known as foreign aid, refers to the provision of financial, technical, and other types of support by donor countries to assist developing nations in their efforts to eradicate poverty, improve education, healthcare, infrastructure, and foster economic growth. The DAC oversees this aid process, monitoring the allocation and impact of assistance and encouraging its members to follow internationally agreed principles for aid effectiveness.
The DAC also plays a crucial role in promoting international development cooperation and dialogue, fostering partnerships between member countries and recipient nations. It provides a platform for sharing knowledge, experiences, and best practices. Additionally, the DAC conducts research, collects data, and publishes reports on various development issues, serving as an important source of information for policymakers, researchers, and practitioners in the field of development assistance.
