ABSTRACT
Wealthy nations have allocated over US $5,230,000m. in development assistance to developing countries over the past 50 years, with bilateral aid accounting for approximately 43% (Tierney et al. 2011). While no single institutional framework encompasses all these bilateral donors, the Organisation for Economic Co-operation and Development’s (OECD’s) Development Assistance Committee (DAC) has functioned as the largest forum since 1961 (DAC 2012). The Committee facilitates agreements on standards for aid and development policy for its now 24 member states and monitors aid flows of members and other donors through the Creditor Reporting Service (CRS).
