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The OECD DAC welcomes Iceland as its 25th member
The DAC recently conducted a special review of Iceland and concluded that it has established a legal foundation for its development co-operation, a comprehensive strategy and a clear commitment to increase its aid budget despite a challenging economic context. Iceland is a small donor, but compares favourably to several strong DAC performers in many areas. In 2011, Iceland’s ODA stood at USD 26 million, equivalent to 0.21% of its national income.
Iceland's legal and policy framework bring together all of their development co-operation - bilateral, multilateral and humanitarian - and are backed up by a strategy that has been adopted by the Parliament. These development co-operation strategies and policies are generally in line with DAC good practice.
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Anna Katrín Vilhjálmsdóttir, Director of the Department for International Development, Icelandic Ministry for Foreign Affairs with Erik Solheim, OECD DAC Chair
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