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Jakarta Post

Can Indonesia do without foreign aid?

  • Don K. Marut

Jakarta   /   Thu, December 1 2011   /  08:53 am

From Nov. 29 to Dec. 1, 2011 donors, recipient countries, business associations and civil society organizations are gathering in Busan, South Korea, for the Fourth High Level Forum on Aid Effectiveness, organized by the OECD-DAC (Organization for Economic Cooperation and Development – Development Assistance Committee) and the Korean government.

It is a forum for donors (governments and international financial institutions), recipient countries, the private sector and civil society organizations (CSOs) to negotiate the better management of aid.

According to OECD-DAC, aid is “…fund-flows to developing countries and multilateral institutions provided by official agencies, including state and local governments, or by their executive agencies, each transaction of which meets the following criteria:

(1) It is administered with the promotion of economic development...