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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 ...
This submission represents the views of a group of 29 civil society organisations (CSOs) from the global south and the global north. The submission was coordinated by the DAC-CSO Reference Group - an open platform, which aims to facilitate CSO engagement ...

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 the new data on private sector instruments doesn’t tell us

Nerea Craviotto

04 Mar 2020 13:59:25

By Cecilia Caio (Development Initiatives) and Nerea Craviotto (Eurodad). Originally published on Devex For the first time, the full data for 2018 official development assistance, or ODA, which was released by the Organisation for Economic Co-operation and Development’s Development Assistance Committee this February, included data on aid spending through private sector instruments, or PSIs, according to the interim rules agreed on by DAC members in December 2018. This agreement was a key, albeit controversial, step that is blurring the boundary between ODA and commercial transactions. While the publication of this new data is welcomed, it’s important to get the rules on reporting spending through private sector instruments right from the beginning. The current total represents a limited ...

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
Building political momentum will be crucial for the way forward — Global Partnership on Effective Development Cooperation Senior Level Meeting

Nerea Craviotto

22 Jul 2019 18:53:27

In this short blog, Eurodad looks back at the past 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. The 1st SLM of the GPEDC was a good opportunity to discuss progress (or lack thereof), best practices and informing participants about the way forward. Yet, in order to achieve real progress in meeting Development Effectiveness Principles, building political momentum, which may be waning, will be crucial in the months to come. By Nerea Craviotto Ortega and Jan Van de Poel Last weekend – 13-14 July – the Global Partnership for Effective ...

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 ...