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Every year, huge sums of money are transferred out of developing countries illegally. This report shows that coherent policies in OECD countries in areas such as tax evasion, anti-bribery and money laundering can contribute to reducing illicit financial flows from developing countries.
This publication identifies the main areas of weakness and potential areas for action to combat money-laundering, tax evasion, foreign bribery, and to identify, freeze and return stolen assets. It also looks at the role of development agencies and finds that the potential returns to developing countries from using ODA on issues like combating tax evasion or asset recovery are significant. Finally, it identifies some opportunities
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The private sector creates jobs, provides goods and services, generates income and profits, and contributes to public revenues. Companies have the ability to profoundly impact poverty reduction and sustainable development in countries in which they operate, including in areas such as energy and climate, water, agriculture and food production, gender equality and financial integrity.
UN Secretary General Ban Ki Moon and OECD Secretary-General Angel Gurría joined President Peña Nieto to open the High-Level Meeting with broad support for sustained global efforts in how effective development co-operation can lead to a stronger fight against poverty both now and in the post-2015 landscape.
Development Week 2014 / OECD Southeast Asia Regional Forum / China’s new development model will gradually impact emerging economies
The OECD is working to devise a new, broader measure of official support for development to reflect big changes since the concept of ODA -- or official development assistance -- was devised. Private capital flows are now much bigger than traditional aid and there has been a geographical shift in where the world's poorest people live.
The international community is set to transition into a critical new phase in its fight against poverty. Providers of development co-operation must maintain their commitments on the quantity and quality of the resources they provide, and they must help developing countries mobilise more domestic resources.
Italy has raised its foreign aid contributions and its future targets, reversing a trend of falling development assistance, and now needs to improve the way it manages its development programmes, according to a new OECD review.
The DAC defines aid to Energy generation and supply as including energy sector policy, planning and programmes, and aid to power generation of both renewable and non-renewable sources.
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.