To accelerate progress towards the Millennium Development Goals, particularly in respect of poverty reduction, the DAC Network on Poverty Reduction (POVNET) will serve as a platform to support the implementation of the Paris Declaration on Aid Effectiveness and to scale up official development assistance (ODA) for results in matters related to poverty reduction and pro-poor growth. It will focus on the multidimensionality of poverty and on the relationship between economic growth, inequality and poverty reduction in developing countries. Key functions will be consolidating knowledge and identifying and promulgating good practices in implementing effective pro poor growth policies. Particular attention will be given to the harmonisation and co ordination of donors’ pro poor growth activities at the field level, to aligning donor initiatives with locally owned development plans, including poverty reduction strategies, and to supporting country based approaches.
During 2007-08, POVNET will contribute to achieving the DAC’s output results in the area of poverty reduction, growth and trade by:
In focussing on the barriers to poor women’s and men’s fuller integration into economic, social and political processes, the POVNET will involve other stakeholders in its work, including partner countries and development organisations beyond the DAC Permanent Observers (World Bank, IMF, UNDP). It will interact with other DAC bodies, including the Networks on GENDERNET and on ENVIRONET whose Chairs will be invited ex officio to take part, whenever justified by the agenda, in POVNET meetings. The POVNET will take account of on going research and interact with other OECD policy communities, as appropriate, to strengthen the development dimension of their work and promote policy coherence for development.