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Harnessing natural resource wealth for economic transformation
Africa’s economy has grown by 5% per year since 2000, but can it sustain this strong performance and benefit more from its abundant resources? Follow the debate at the International Economic Forum on Africa.
Sweden delivered USD 5.24 billion in official development assistance (ODA) last year, or 0.99% of its gross national income (GNI). It is the second most generous member of the OECD’s Development Assistance Committee (DAC), which groups the world’s major donors, when ODA is measured on a GNI basis.
Sweden is a generous aid donor that has put development at the heart of its foreign policy.
We must finish what we started with the current set of MDGs. This requires a significant acceleration of our efforts, given the highly uneven progress across countries, regions and goals, said OECD Secretary-General.
Domestic resource mobilisation or “helping countries help themselves more effectively” is vital to the success of future global development efforts and is one of the four main pillars of the OECD’s Strategy on Development, said OECD Secretary-General.
Since the turn of the century, the Millennium Development Goals have determined the world’s development agenda. But, as the 2015 deadline for the MDGs draws nearer, how should that agenda evolve?
Development aid policies have helped developing countries reduce extreme poverty, strengthen institutional frameworks and develop a middle class. But there are still 2.4 billion people living in poverty and inequalities in many countries are still at record levels, and in some cases rising, said OECD Secretary-General.
It is both impressive and inspiring to see how far Slovakia has come. Prior to 2004, the Slovak Republic was eligible to receive development assistance, now, in less than a decade; it is becoming a provider of development co-operation, said OECD Secretary-General.
The Slovak Republic has become the 27th member of the OECD Development Assistance Committee (DAC), the leading international forum for bilateral providers of development co-operation.