Private
finance
Debt
Tax
justice
Aid
Financial
architecture

Search by publisher


Display by category

Search results

blog
Will new rules on reporting debt relief as development aid be another missed opportunity?

Jeroen Kwakkenbos

27 Jun 2018 15:31:35

On 2 July, the Development Assistance Committee of the Organisation for Economic Co-operation and Development (OECD DAC) will decide whether to change the rules on how debt relief is reported as Official Development Assistance (ODA). There is a serious risk that these changes could create loopholes allowing donors that use debt-based instruments to inflate their aid levels at the expense of the poorest countries. Due to the switch from a cash flow basis to the Grant Equivalent (GE) system for reporting sovereign lending as ODA, the OECD DAC needs to revise the rules for how debt relief is reported. The reason behind this is that the GE system includes an ex ante adjustment for default risk, based upon country income classification: 4% for Least Developed Countries (LDCs) and other Low Income ...

blog
2017 development aid figures: A half empty mixed bag

Jeroen Kwakkenbos

19 Apr 2018 08:16:57

Last week the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) released their preliminary figures on the amount of Official Development Assistance (ODA), or development aid, raised in 2017. The week before I wrote a blog outlining Eurodad’s expectations for these figures – and the results are a mixed bag. While certain negative trends seem to be on the mend, overall the amount of aid raised every year has stagnated in volume and although there was positive economic growth across donor countries ODA dropped to 0.31% of Gross National Income (GNI). The continued inclusion of costs not directly linked to development and poverty eradication inflate the figures and undermines the credibility of the reporting exercise of a scarce resource ...

blog
Upcoming aid (ODA) numbers: will the decline in resources reaching poor countries be halted?

Jeroen Kwakkenbos

05 Apr 2018 11:08:38

Next week the OECD DAC will release preliminary figures for the amount of Official Development Assistance (ODA), or development “aid”, raised by its member states. Recent years have seen a significant increase in spending within donor countries and a steady decline of resources flowing to the world’s poorest countries: will the new figures demonstrate that the international community has begun to tackle these trends which diminish the credibility and effectiveness of ODA? Over the past two years the OECD DAC has celebrated a rise in overall ODA levels but, counterintuitively, the amount of aid going to the world’s poorest countries has declined. In a recent report the IMF notes: “Aid flows to [Low-Income Developing Countries] … have slipped significantly since 2013—declining ...

blog
Three changes the OECD needs to make to guard the poorest in new aid rules

Jeroen Kwakkenbos, Jesse Griffiths

20 Feb 2017 12:56:01

Originally published by Devex It has been a busy couple of years for the OECD’s Development Assistance Committee, the body in charge of determining what can and cannot be counted as “aid” to poor countries, or official development assistance. Major changes to aid have already been made during a year-long process of modernization of the ODA rules, but the biggest change in decades is yet to come. This March, the DAC will decide on how to include what are known as private sector instruments in aid. This could mean a dramatic increase in the use of aid to invest in or give loans to private companies, or to agree to bail out failed private sector projects through guarantees. Without strong safeguards and transparency standards there is a real risk that aid could be used as a backdoor subsidy ...
This paper has been coordinated by the European Network on Debt and Development (Eurodad), with the input of various Civil Society Organisations (CSOs). It provides an analysis, with key recommendations in bold, of the proposals made by the Development Assistance ...

press
Mixed progress on improving aid quality, but half of aid contracts still go back to rich country firms

Friday November 4 2016 RICH countries need to come clean about how much aid money they plan to use to subsidise their own companies. A ‘Progress Report’ published last night (November 3) by the Global Partnership for Effective Development Co-operation (GPEDC) states that nearly half of the aid money used to procure goods and services still goes back to suppliers in their own country – a practice known as ‘tied aid’. The practice continues even though Global Partnership figures ...
The Organisation for Economic Co-operation and Development (OECD) Development Assistance Committee (DAC) aims to promote greater private sector engagement in development by including allocations to private sector financing instruments (PSI) ...
Eurodad submitted comments to the Global Partnership for Effective Development Cooperation (GPEDC) Monitoring Advisory Group (MAG) consultation on reforming the indicators of the Busan Monitoring Framework. The comments focus on proposed reforms to indicators ...

press
EU development ministers must step up fight to end extreme poverty

***CSO media reaction to outcomes of the EU Foreign Affairs Council***   12 May 2016 Aid figures published ahead of today’s Foreign Affairs Council meeting showed that the EU is still failing to live up to commitments made more than 10 years ago. The data, which is included in an annual report prepared for this meeting, showed that the EU is only dedicating 0.47% of GNI to its aid budgets, falling far short of the 0.7% promise. Even more worryingly, at least 12.5% of that aid was ...
Ministers and senior officials of developed countries agreed major changes today to what can be counted as Official Development Assistance (ODA, or ‘aid’), opening the door for greater use of aid to subsidise private companies. A push by some states ...