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This Policy Guidance is intended to provide policy makers and practitioners in development co-operation agencies with information and advice on how to mainstream climate change into development.
The OECD is working to help governments restore confidence and stability in the financial system, soften the impact of the recession and strengthen the global economy over the longer term.
Its strategic response to the crisis covers two main areas:
align regulations and incentives in the financial sector to ensure tighter oversight and risk management;
review and upgrade national policies and improve international coordination to
In his remarks for the launch of the second global review on Aid for Trade, Mr. Gurría affirmed that more and better aid for trade is particularly important in the context of the crisis as it can help to build the capacity and infrastructure developing countries need to take full advantage of freer trade. Aid for trade should also support the broader development goals we all share, focusing not only on building trade capacities but
All countries need to trade, with their neighbours and globally, to sustain long-term economic growth. Some low-income countries lack the instutitions, infrastructure to benefit from open markets and lift their people out of poverty.
The United Kingdom’s aid volume was USD 11.5 billion in 2009, representing 0.52% of its gross national income (GNI). Its planned expenditures for 2010/11 put it on track to reach its target of 0.7% of GNI by 2013.
Current financing for climate change adaptation and mitigation is clearly insufficient and the development co-operation community needs to think through its implications and come up with forceful responses, according to the OECD Secretary-General.
According to Mr. Gurría, the number working poor living with less than 2 dollars a day can increase by more than 100 million and the number of hungry people in the world can increase by another 104 million by the end of the year, making urgent the issue of the financing for development.