This indicator captures the financial assistance provided to Iceland from member countries of the Development Assistance Committee (DAC), reflecting the net flow of official development aid. These figures represent the total disbursements in the form of grants and loans, adjusted for any repayments made on previous loans. The focus on net flows emphasizes the actual support received, rather than merely accounting for gross contributions. As a part of the commitment to fostering economic development, these funds
support welfare initiatives and sustainable projects in accordance with DAC guidelines. The measurement, expressed in current U.S. dollars, enables a clear understanding of the evolving landscape of bilateral aid, crucial for assessing Iceland's developmental needs and international partnerships.
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