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Donor countries will undermine the integrity of aid if they continue reporting debt relief as ODA

Jan Van de Poel, Nerea Craviotto

24 Jun 2020 06:25:58

This week the OECD’s Development Assistance Committee (DAC), a forum of the main providers of aid, will once again discuss the rules for reporting debt relief as Official Development Assistance (ODA). This issue has been on the DAC’s table since 2014, but it is gaining momentum as the goal is to reach an agreement this summer. The response to the Covid-19 crisis is adding pressure to these negotiations, as everybody expects more debt relief to be granted in the near future. And things are not looking great, as discussions seem to be moving towards a solution where reporting additional debt relief could allow donors to meet their ODA commitments by inflating aid figures. This would be a major issue for developing countries, as the crisis has clearly exacerbated the need for fresh financial ...

blog
Will donors finally agree on fair rules for reporting debt relief as ODA?

Jan Van de Poel, Nerea Craviotto

14 May 2020 10:52:26

The rules on how debt relief should be counted as Official Development Assistance are currently being negotiated by the Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee (DAC) – under the auspices of its Chair Susanna Moorehead – and the Paris Club, which is an informal group of creditor governments. This important issue has been left unresolved ever since the DAC decided to switch to a grant equivalent system for reporting loans in 2014. According to our information, both parties are set to meet early next week and are aiming to reach an agreement by June this year. This means the next few weeks will be key in making sure the new rules set the best incentives for the provision of much-needed ODA resources to eradicate poverty and tackle inequalities ...

blog
Is ODA up to the challenges posed by the coronavirus pandemic?

Jan Van de Poel, Nerea Craviotto

30 Apr 2020 09:54:04

On 16 April 2020, the Organisation for Economic Co-operation and Development (OECD) released the preliminary statistics on Official Development Assistance (ODA) for 2019. The figures were published amidst an unprecedented crisis that risks erasing any progress made in achieving the Sustainable Development Goals by 2030. While it is clear that ODA will be an important part of the international community’s response to the coronavirus crisis, this blog assesses whether ODA is up to the job and identifies three key challenges that the international community needs to address as a matter of urgency.A quest for more ODAA first challenge is to scale up the available support for developing countries to help them respond to the coronavirus crisis, as Eurodad has argued in a previous blog, at least ...

press
Aid levels show donors far from delivering on commitments as Covid-19 pandemic calls for more and better aid

Thursday April 16 2020 New statistics published today in the midst of the Covid-19 pandemic show donors are far from delivering on their long-standing commitments and urgently need to reassess the way aid is delivered to target those who are being left behind. The figures - published by the Organisation for Economic Cooperation and Development (OECD) - show that donors spent 152.8 billion USD on official development assistance (ODA) in 2019. In real terms, this figure represents a slight increase ...

blog
What is the role of ODA in tackling the corona crisis?

Jan Van de Poel

06 Apr 2020 16:12:17

The world is facing an unprecedented crisis. As COVID-19 spreads  across the globe it threatens to disproportionately hit developing countries. COVID-19 does not only threaten  people in developing countries with a health crisis, it also risks plunging two-thirds of the world’s population living in developing countries outside China into a prolonged situation of deepened economic and social vulnerability and poverty. As international institutions and CSOs are putting forward policy responses to these multiple crises, this blog explores the role of official development assistance to deal with ‘the worst crisis since the 2nd World War’, according to UN Secretary General Antonio Guterres. According to the World Health Organisation, at least half of the world’s 7.6 billion ...
On 4-6 November 2019, the UNCTAD Intergovernmental Group of Experts on Financing for Development met in Geneva to continue discussions on the issues, concerns and challenges raised in the Addis Ababa Action Agenda. In advance of the meeting, Eurodad made ...

blog
Will the new Commissioner for International Partnerships adopt a more cautious approach towards blended finance?

Jan Van de Poel, Nerea Craviotto

08 Oct 2019 15:24:10

Earlier this week, Members of the European Parliament had the opportunity to hear the Commissioner-designate for ‘International Partnerships’, a crucial step before she can be formally appointed by the Council later this month. In her statement to MEPs, former Finnish finance minister Jutta Urpilainen committed to focus on meeting the SDGs, reducing inequalities and eradicating poverty. To achieve these ambitious objectives, Urpilainen stressed the need to put a stronger focus on ‘leveraging private capital’ as ‘traditional measures of aid delivery are not enough’. The EU has been using various instruments to crowd in private finance in its development efforts for a number of years now even though there is no established evidence of their positive development impact. The ...

blog
A new European Commission: What are the implications for Development Finance in the next five years?

Following the European elections in May, former German defence minister Ursula von der Leyen has assumed the role of President-elect of the European Commission. In July, von der Leyen, the first woman to take this post, released a concept paper titled “A Union that strives for more” and on Tuesday this week she unveiled the names of the new Commissioners.  And with these releases, the policy agenda of the next European Commission, mandated to govern until 2024, is slowly taking shape. In response, we ask what are the implications for development finance?    Sustainable financing for sustainable development?  Sustainable development rhetoric scores highly on von der Leyen’s policy agenda, but the devil lies in the detail. The concept paper outlines “a strategy for ...

blog
Global Partnership on Effective Development Cooperation: Will this weekend’s Senior Level Meeting turn the tide on effective development?

Jan Van de Poel, Nerea Craviotto

11 Jul 2019 19:38:05

In this blog, Eurodad offers its take on the upcoming senior level meeting (SLM) of the Global Partnership for Effective Development Cooperation (GPEDC), a multi-stakeholder platform established to make sure all development actors deliver on their commitments to ensure development cooperation is really eradicating poverty and bringing about sustainable development. In light of donors’ stalled progress to deliver on key development effectiveness principles, the SLM is an opportunity to crank up the political momentum needed to deliver the development effectiveness agenda and the SDGs. This would require donors to change track and put developing countries in the driving seat of development cooperation.  This weekend - 13-14 July - the UN Headquarters in New York will host the first Senior ...