Development Co-operation Directorate (DCD-DAC)

Financing Sustainable Development

 

‌The post-2015 sustainable development agenda will require the mobilisation of a wide array of domestic and international resources from both public and private actors. While Official Development Assistance (ODA) will remain a crucial part of international development co-operation, particularly for countries most in need, a much stronger role for finance beyond ODA, including private capital, is also needed. The OECD DAC is modernising its statistical measurement framework to promote incentives for mobilising and catalysing development finance and to reflect the broader range of funding options now available to developing countries. Most importantly, a modernised system will also facilitate greater transparency and accountability.

Don't miss

2014 DAC High Level Meeting Final Communique and statement by the DAC Chair- (16 December 2014)

OECD contribution to monitoring post-2015 development finance - (pdf, November 2014)

Measuring and Monitoring External Development Finance - (pdf) Project overview and how this OECD/DAC work programme fits with the UN’s post-2015 agenda

2012 DAC High Level Meeting Communique including brief for the review of External Financing for Development - (pdf, December 2012)

 

Mobilising Resources for Sustainable Development - Infographic

Did you know?

  • Every USD 1 of ODA spent on building tax administrative capacity can generate as much as USD 1 650 in incremental tax revenues.

  • The total requirement for global infrastructure investment by 2030 (for transport, electricity, water and telecommunications) is around USD 71 trillion.

  • Achieving a global low-carbon energy sector by 2050 will require an additional cumulative investment of USD 36 trillion.

Development Co-operation Report 2014 - Mobilising resources
for sustainable development

Frequently Asked Questions

Why is there a need to modernise how aid is measured? What will a modernised ODA measure entail? What is "smart aid"?

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Milestones

Third International Conference on Financing for Development - Addis Ababa, 13-16 July 2015

DAC High-Level Meeting (HLM) - Paris, 15-16 December 2014

20th Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP20 UNFCCC) – Lima, 1-12 December 2014

United Nations Preparatory Process for the third International Conference on Financing for Development (CFfD) – New York - 10-14 November 2014

DAC Senior Level Meeting (SLM) – Paris, 7-8 October 2014

More milestones

Events

Southern CSO and OECD/DAC Roundtable: ODA and broader development finance in a post-2015 world - Paris, 4 December 2014 (pdf)

CONCORD Aid Watch and OECD Seminar: ODA in a post-2015 world - Paris, 20 November (pdf)

UN-DESA OECD: The modernisation of ODA and measurement of broader development finance for an accountable post-2015 development framework - New York, 12 November, (pdf)

OECD DAC Workshop: The new development finance landscape: partner countries’ perspectives and implications for the post-2015 debate - Summary record - Paris, 25 June 2014 (pdf)

World Bank/International Monetary Fund Meetings - Washington D.C., 11-13 April 2014

World Economic Forum - Davos, 22-25 January 2014

Understanding the modernisation of development finance statistics

Defining what makes ODA “concessional” 

Designing a new measure for total official support for development

Ensuring support for the least developed countries

Leveraging private finance

Twitter

Blogs and contributions

Reality of Aid Network Statement for the OECD DAC High Level Meeting on Modernising Reporting for Official Development Assistance (pdf, December 2014)

Development Cooperation Report 2014: Forwards or sideways on Financing for Development? (Simon Maxwell, 15 October 2014)

Why do countries need aid when the world is awash with capital? Latest thoughts from the OECD (Duncan Green, Oxfam, 14 October 2014)

New OECD report calls for a financing strategy that delivers for the poorest (Isabelle De Lichtervelde, ONE, 10 October 2014)

Catalytic Development Assistance in Fragile States (Erik Solheim, The Huffington Post, 08 October 2014)

When it comes to aid, learn from those who know what poverty is really like (Erik Solheim, The Guardian, 08 October 2014)

Innovative financing can put the world's wealth to work for all people (Philippe Douste-Blazy, Sustainable Development Policy & Practice, 07 October 2014)

Development finance: hundreds of billions more available (Erik Solheim, OECD Insights, 07 October 2014)

The full potential of trade for development is yet to be tapped (Roberto Azevêdo, Development progress, 06 October 2014)

ONE’s Submission to the Senior Level Meeting of the OECD DAC - (pdf, October 2014)

Any country can undergo dynamic structural information, starting now (Justin Yifu Lin, OECD Insights, 03 October 2014)

Korea's use of ODA can guide other countries in their development (Yun Byung-se, Development progress, 02 October 2014)

Africa can fund its own sustainable development (Abdalla Hamdok, The Guardian Development Professionals Network, 26 September 2014)

We need to harness the potential of remittances in Africa (Mtchuli Ncube,  Development progress, 25 September 2014)

Well-financed climate action goals must be central to the post-2015 goals (Manuel Pulgar Vidal, The International Institute for Environment and Development, 4 September 2014)

The OECD must take charge of promoting long-term investment in developing country infrastructure (Sony Kapoor, OECD Insights, 10 September 2014)

The Structural Gap approach offers a new model for co-operation with middle-income countries (Alicia Bàrcena, OECD Insights, 18 August 2014)

Half of all ODA should go to the least developed countries (OECD Insights, 21 July 2014)

Can small islands expect a sea-change from the latest UN development conference? (UNDP Our Perspective, 3 July 2014)

Aid only for the neediest? Official development assistance after 2015 (Jon Lomoy, OECD Insights, 17 June 2014)

Why the world needs a new way to tackle poverty (World Economic Forum, 01 May 2014)

The future of overseas aid: the countries projected to graduate from recipients to donors (One.org, 29 April 2014)

Towards better targeting: where does aid (ODA) matter most? (Global Policy, 16 April 2014)

Changing the rules to unleash innovation in development (William H. Saito Blog 07 April 2014)

Aid in a changing world (Global Partnership Blog, 27 Feb 2014)

Getting smart with aid (Development Progress, Feb 2014)

ODA Reform: Change for the sake of change? (ecdpm, 7 Feb 2014)

A matter of high interest: Assessing how loans are reported as development aid (Eurodad, 16 Jan 2014) 

and Response

Political Risk and the ODA Definition (OECD Insights, 18 Dec 2013)

Yes, it is time to revisit the concept of Official Development Assistance (OECD Insights, 04 May 2013)

What's next for the MDGs? (OECD Insights, 08 May 2013)

 

Related Documents

 

DAC High Level Meeting

 

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