“The Czech Republic’s successful transformation towards democracy and a market economy offers valuable experience on building democratic institutions and social, economic and infrastructure development that will enrich the DAC’s work,” said DAC Chair Erik Solheim.
It is fundamental that we continue and deepen discussions about the financing for the post-2015 development goals.
To ensure that its aid has an impact on development, Australia sets clear goals, and monitors and reports the results of its development co-operation. The review commends Australia’s exemplary steps to increase the transparency of aid.
The DAC: Enabling effective development
Through inclusive partnerships for development, the OECD Development Assistance Committee (DAC) helps ensure better lives for people in the developing world by:
Understanding development finance
We monitor and share statistics as well as information on the architecture of official development assistance (ODA) and other aid flows to help ensure transparency and effectiveness.
For 50 years now, the OECD Development Assistance Committee (DAC) has grouped the world’s main donors, defining and monitoring global standards in key areas of development.
The Development Co-operation Directorate (DCD) supports the DAC, contributing to developing better policies for better lives through transparent data on development finance, and improved development co-operation practices and policies.