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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’ ...