Member of the OECD Development Assistance Committee (DAC) since 1961.
Australia is among the few DAC members to increase ODA in 2011, having escaped the global economic and financial crises without a recession and being relatively unaffected by the current euro area turmoil. In 2011, Australia’s net ODA was USD 4.8 billion, a 5.7% increase in real terms over 2010. This funded larger bilateral grants in 2010 and 2011 and has kept the annual growth rate of Australia’s ODA at 6% since 2006.
Australian ODA also grew as a share of its national income, reaching 0.35% in 2011, up from 0.32% in 2010. In May 2012, Australia reaffirmed its commitment to reach its target of 0.5% of ODA/GNI, but postponed the target date to 2016-17.
Key Statistics from the Development Co-operation Report 2012 (DCR)
Australia can deliver a growing aid budget effectively and efficiently 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.
Australia's latest evaluation recommended that Australian law and justice assistance programmes adopt more modest and specific goals, based on analysis of what is achievable in the country’s political, economic, social and geographical context.