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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 ...

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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 ...