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

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

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. 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. This would be a major issue for developing countries, as the crisis has clearly exacerbated the need for fresh financial resources that come with no additional financial liabilities. Read the complete article.


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International Development and the next EU budget

The outbreak of Covid-19 has triggered a health, social and economic crisis that exacts its heaviest toll on the marginalised and most vulnerable, further exacerbating existing inequalities. Women are particularly exposed to the virus as they make up the majority of workers in care, social, and frontline health services, and they are also caring for the sick in families. Women are also hit harder economically as many work in the informal economy and small enterprises, which are among the worst impacted by the pandemic. Read the full report.

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This newsletter has been produced with co-funding from the European Union, Bread for the World and Norad. The contents of this publication are the sole responsibility of Eurodad and can under no circumstances be regarded as reflecting the position of the funders.