The submission was coordinated within the DAC-CSO Reference Group - an open platform which aims to facilitate CSO engagement with the OECD’s Development Assistance Committee (DAC) Private Finance Working Group, which is led by Eurodad. 

The letter addresses the CSOs’ concerns about ongoing discussions and negotiations at OECD DAC on reporting debt relief as ODA. The system for reporting loans was last reformed in 2014, when new ‘grant equivalent system’ meant that donors could no longer report the full amount of a loan as aid, or official development assistance (ODA). Instead, this system takes into account the risk that the loan will not be repaid from the moment they are credited. It is this which gets reported as ODA. Some countries would like to see additional ODA credits if they agree to cancel or reschedule these loans.

CSOs are concerned that additional measures to report debt relief could jeopardise the credibility of ODA as a measure of donor effort to support the most vulnerable in developing countries.

Download the full submission shared with the DAC Chair, the DAC Delegates, the Development Cooperation Directorate Director and relevant staff.

Download previous submission on the same subject (May 2020) shared with the DAC Chair, the DAC Delegates, the Development Cooperation Directorate Director and relevant staff.

The list of organisations that signed the latest letter on 14 July 2020: