in: IDEES 55
Main pillars of the international development cooperation system celebrate their 60-year anniversary in 2021. The year 1961 was the starting point for key institutions established by OECD countries. US President John F. Kennedy pooled existing efforts for supporting developing nations into the mighty US Agency for International Development (USAID). In the same year, the German BMZ (Federal Ministry for Economic Cooperation and Development) was formed in the then West Germany as a dedicated ministry to support developing regions. 1961 also saw the OECD set up its Development Assistance Committee (DAC). Development cooperation was an important element of foreign policy in the period of the East West confrontation and —despites setbacks— the global aid volume has gradually expanded since.