At its 51st High Level Meeting (HLM), the DAC discussed these important topics and other crucial issues, such as managing the response to the refugee crisis, and ensuring that small island developing states receive adequate and appropriate financing to reach their Sustainable Development Goals.
The HLM delivered a number of key decisions, including: approval of the Blended Finance Principles, adoption of clarifications to the statistical reporting directives on in-donor refugee costs, agreement to work on rules for reinstatement of recently graduated countries on the DAC List of ODA Recipients, and adoption of the revised DAC mandate and strategic vision.
Read the outcomes in the HLM Communiqué.
Tracking new sources of development finance
A further 2.5 trillion USD needs to be mobilised to achieve the Sustainable Development Goals and help economies transform in cleaner more inclusive and climate-compatible ways. The private sector will account for most of this new investment. Responding to the increasing needs for tracking development finance beyond ODA, the OECD has been improving its statistics on resource flows to developing countries.
New approaches in development finance
When public investment is used strategically to leverage private finance - for example by reducing risks or creating new incentives - the scale of investment in developing countries can improve dramatically. Blended finance - the strategic use of development finance to mobilise additional finance towards sustainable development - is one innovative solution to move from "billions to trillions". For development co-operation providers, scaling up this approach requires both a good understanding of (i) its potential for supporting developing countries to meet the SDGs and (ii) any potential risks that could arise. The development of the Blended Finance Principles submitted for approval at the HLM proposes a transparent framework to assist governments and their partners in that endeavour.
Innovations in development effectiveness
Effective development co-operation is a key contribution to the implementation of the 2030 Agenda. The Global Partnership for Effective Development Co-operation (GPEDC) brings together a wide range of stakeholders to ensure its continued relevance and reduce its fragmentation.
Creating conditions for sustainable development in small island developing states
Small island developing states face unique challenges in achieving their sustainable development goals. Most of them are middle-income countries, with strong growth potential, notably in the ocean economy and tourism. Nevertheless, they are very vulnerable to environmental and economic shocks. Helping them grow sustainably and build strong, resilient economies requires new tailored approaches to financing their development.
Improving the coherence between humanitarian and development policies
Natural disasters, conflict, insecurity and mass displacement are major stumbling blocks for development. How can DAC members better work with their partners to improve the coherence between their humanitarian action and their efforts to foster resilience in the long term?
Ensuring the DAC is fit for purpose
The DAC is playing a unique role in setting standards, defining and measuring development co-operation and as a forum for mutual learning it needs to adapt for the 2030 Agenda.
Development Co-operation Report 2017: Data for Development
Big data, satellite images, the Internet of Things …: the data revolution is transforming lives all over the world. And yet policy makers in developing countries still lack most of the basic data about people and their environment, which they need to plan and take action. How can development co-operation partners help bridge that data divide? Building on a wide network of expertise worldwide, the Development Co-operation Report 2017 unpacks the answers. It also documents numerous successful initiatives of strengthening statistical systems in developing countries to produce better data for better policies, and better lives.
Responding to refugee crises in developing countries: What Can We Learn From Evaluations?
Displacement is at a historic high, with over 65 million individuals currently displaced. The world is facing a refugee crisis that is unprecedented in scale. A large number of evaluations look at different aspects of programming in response to refugee crises in developing countries. Drawing from evaluation findings in areas identified by the DAC Temporary Working Group on Refugees and Migration, a new OECD paper highlights key lessons and recommendations.
Communiqué from the DAC High Level Meeting February 2016