Member of the OECD Development Assistance Committee (DAC) since 2013.
In 2012, Iceland’s net ODA was USD 26 million, representing 0.22% of its GNI or a 5.7% increase in real terms from 2011. This was the first increase after three consecutive years of decreasing net ODA.
Key Statistics from the Development Co-operation Report 2013 (DCR)
The DAC conducted a special review of Iceland from November 2012 to January 2013 and concluded that Iceland has established a legal foundation for its development co-operation, a comprehensive strategy and a clear commitment to increase its development co-operation budget despite a challenging economic context.
The Mid Term Review of the Programme of Assistance to the Fisheries Sector of Mozambique co-financed by Norway and Iceland took place in Mozambique from 27 February to 9 March 2012. The review team benefited from the guidance of His Excellency Victor Borges, Minister of Fisheries and met with all the institutions directly benefiting from the Programme.