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Stephanie Colin

04 Oct 2013 10:12:44

The OECD Development Assistance Committee (DAC) is currently reviewing the rules to report donors’ loans as Official Development Assistance (ODA). This discussion is taking place against a backdrop of aid cuts across Europe and raises concerns about the intentions of DAC donors. There are risks that the poor will be short-changed if the new rules make it easier for donors to inflate their aid figures further without making fresh money available and that debt sustainability will be undermined if loans are scaled-up.     In a context of development budget cuts across Europe, it is becoming increasingly unlikely that donors will meet the target of scaling up ODA to 0.7% of their gross national income by 2015, as they have committed to. European ODA disbursements ...