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Crunch time for the OECD’s new aid rules?

Polly Meeks

25 Apr 2017 10:12:03

Blink and you might miss it: but a seemingly low-key meeting of the Organisation for Economic Cooperation and Development (OECD) Development Assistance Committee (DAC) officials this week could signal one of the biggest changes in decades to the way that donors think about aid.  That’s because tomorrow’s meeting [April 26] could be decision time on the rules governing ‘private sector instruments’ (PSIs). The proposed rule changes would allow donors to count more of their investment in, and other support to, private sector companies as aid, if those companies are doing business in developing countries, and if certain conditions are met.  Civil society, from both North and South, has been warning of risks in these proposed changes for months. To be clear: our concerns aren’t ...

press
2015 aid statistics: Many EU countries become the biggest recipients of their own aid

Today's OECD figures show diversion of aid to domestic costs in rich countries massively increased in 2015 - with $12 billion being spent in donor countries to cover domestic refugee costs. This overshadows the fact that international aid expenditure increased in real terms but remained at 0.3% of donors' gross national income (GNI). This is less than half of the 0.7% targets donors have signed up to.The OECD must overhaul rules on what can be reported as aid so funds truly contribute to poverty ...

blog
Paddling against the tide: How the changes in the OECD’s definition of aid continue to undermine global efforts against poverty - a statement by African civil society

Eurodad

07 Mar 2016 12:39:20

This article was originally published on Oxfam International's website on 29 February 2016.  Not even half a year ago, world leaders adopted the Agenda 2030, the latest global agreement towards transforming our world for the betterment of all humankind. With its bold pledge to leave no one behind, and a new set of urgent goals and targets which came into effect at the beginning of 2016, the Agenda represents an ambitious and universal programme to bring the world together for the purpose of addressing pressing and enduring global social, economic and environmental challenges in an integrated way. Yet last week, the OECD’s Development Assistance Committee (DAC) – the body which oversees the OECD’s aid policy and spending – met in Paris to review progress in its “ODA modernization ...
Read Eurodad's full statement to the OECD DAC High Level Meeting and press release on how the world's poorest should not pay for the security and defence of Europe. Today, Eurodad's director Jesse Griffiths spoke at the OECD Development Assistance ...

blog
TOSSD overboard? Will this new acronym spell the end of development aid targets?

Jeroen Kwakkenbos, Jesse Griffiths

02 Oct 2015 10:17:21

The rich country think tank – the Organisation for Economic Co-operation and Development (OECD) – is embarking on a major change to the way that financial flows between rich and poor countries are assessed, which could have major implications for aid, global public goods and private investment. A new way of measuring development finance At the moment, the OECD’s Development Assistance Committee (DAC) measures Official Development Assistance (ODA – or ‘aid’) pretty well. Their statistics are the basis for assessing how many developed countries have met the long-standing target of giving 0.7% of gross national income as aid.  Now, the DAC has set its ambitions much higher. The acronym they’ve chosen is not very sexy – they want to measure ‘total official support for development’ ...
G20: what was achieved in 2014? The leaders of the G20 group of nineteen large economies plus the European Union met in Brisbane in November last year, capping off a year during which rhetoric significantly overshadowed achievements. Eurodad’s wrap ...

blog
Financing for whose development? DFIs and their support for companies that use tax havens

Mathieu Vervynckt

04 Nov 2014 11:58:53

This blog first appeared on From Poverty to Power. The Third UN Conference on Financing for Development (FfD), set to take place in Addis Ababa next year, will be a crucial opportunity to discuss two of the hottest topics in development finance today: the use of scarce public resources to leverage the private sector, and the fight against international tax avoidance and evasion. Both topics come together in Eurodad’s new report, Going Offshore, though probably not in the way you might expect.  Previous Eurodad research has shown that despite the lack of public information about how they work and their impact on development, Development Finance Institutions (DFIs) – government-controlled institutions that support private sector projects in developing countries – have come to ...
The ongoing discussion at the OECD DAC on whether the ODA concept should be modernised provides an opportunity to refine existing rules and ensure that they are fully focused on supporting the achievement of developmental goals. The current ambiguity ...
The communiqué from this weekend’s G20 finance ministers’ meeting in Cairns tried to paper over increasingly evident cracks in the global economy, trumpeted an OECD initiative to reduce tax dodging which is not as good as it seems, continued to focus ...