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New DAC Recommendation on the financial terms of aid

Working papers

This draft briefing paper summarises the Recommendation recently agreed by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD). The intention of the Recommendation, which comes into effect on 1st January 1973, is to achieve a softening in the financial terms of Official Development Assistance (ODA) provided by DAC members.