Last week, I went to an expert group meeting to discuss a
new framework being prepared by the Organisation for Economic Co-operation and
Development (OECD)’s Development Assistance Committee (DAC) for monitoring and
measuring flows that could be considered developmental but are not currently
captured in Official Development Assistance (ODA, or ‘aid’). This new framework
is provisionally called Total Official Support for Sustainable Development (TOSSD).
The stated purpose of this framework is not to supplant ODA but to provide
transparency on other financial flows that support the new Sustainable
Development Goals (SDGs) adopted by the UN.
Now, I think this agenda
has serious risks attached – it could
undermine aid targets, incentivise the wrong kind of private investments, ...