Innovative financing for development refers to initiatives that aim to raise new funds for development, or optimise the use of traditional funding sources. They aim to narrow the gap between the resources needed to achieve the Millennium Development Goals, and the resources actually available.
In the context of the current global financial crisis, remittances represent an important source of finance for many developing countries, especially as they tend to rise during downturns in the receiving economy – unlike capital flows such as foreign direct investment, which tend to fall.
In parallel with ODA, export credits extended by official-export credit agencies also help finance large-scale projects in key sectors such as infrastructure, especially when they are perceived as economically viable.
The DAC List of ODA Recipients: An information note on the revision of the DAC List.
Statistics on external development finance extended with the purpose of assisting developing countries in the implementation of the three Rio Conventions.
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Esta nota ayuda a los donantes a decidir si un determinado gasto cumple los criterios para ser Ayuda Oficial al Desarrollo (AOD) y, es complementaria a las Directivas de Información Estadística (Statistical Reporting Directives) del Comité de Ayuda al Desarrollo (CAD).
The OECD DAC measures and monitors development finance targeting the environment using the environment marker. Introduced in 1992, this predates the Rio markers. Reporting on ODA flows has been mandatory since 1998. Reporting on non-credit OOF flows was introduced in 2010 on a voluntary basis.
In collaboration with the Statistics and Development Finance Division of the DCD-OECD, ISDB has mapped its financial instruments to the OECD-DAC's reporting system.
Development aid rose by 6.1% in real terms in 2013 to reach the highest level ever recorded, despite continued pressure on budgets in OECD countries since the global economic crisis. Donors provided a total of USD 134.8 billion in net official development assistance (ODA), marking a rebound after two years of falling volumes, as a number of governments stepped up their spending on foreign aid.
This publication provides comprehensive data on the volume, origin and types of aid and other resource flows to around 150 developing countries.