Financing for sustainable development

What is total official support for sustainable development (TOSSD)?

 

TOSSD aims to complement ODA by increasing transparency and monitoring important new trends that are shaping the international development finance landscape, including: i) the leveraging/catalytic effect of ODA, ii) the use of blended finance packages, and iii) the use of innovative risk mitigation instruments in development co-operation. TOSSD would incentivise broader external finance for development as a complement to developing countries’ own domestic resources.

The 2030 Agenda for Sustainable Development marks a shift from the Millennium Development Goals to a universal agenda with far-reaching aspirational goals, including the eradication of poverty and the end of hunger in the world, while preserving the planet. The OECD has carefully examined the international statistical system to understand how it could better promote the monitoring and review of resource flows aligned to support the 2030 Agenda. A new measure has been proposed and is provisionally entitled: total official support for sustainable development (TOSSD) (see Addis Ababa Action Agenda (AAAA) (para 55) and OECD DAC HLM 2014).

Going forward, the OECD will do its part to support international collaboration with traditional donors, south-south and emerging providers, multilateral institutions, civil society organizations, foundations, and the private sector to shape and operationalise the TOSSD measurement framework.

 

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Key highlights:

 

 

 A video of the briefing session that took place during the UN General Assembly Second Committee organised by the OECD, Mobilising development finance for the 2030 Agenda for Sustainable Development: next steps towards measuring “total official support for sustainable development (TOSSD)”, 27 October 2015

Key historical background documents charting the current TOSSD definition, roadmap and work plan

TOSSD events

Further reading on TOSSD related themes

 

For more information on our work send your questions to dac.contact@oecd.org