PECDAR is the acronym of the Palestinian Economic Council for Development and Reconstruction. The Palestine Liberation Organization (PLO) established PECDAR as an independent institution in 1993 in full cooperation and coordination with the donor community to Palestine in support of the peace process.

The PLO approved the bylaws of PECDAR on Oct. 1993, and in the same year; PECDAR 's mandate was endorsed by the general meeting of the donors which was held in Washington D.C. under the chairmanship of former U. S. Secretary of State Warren Christopher and The World Bank.