The United Kingdom has done well to increase its development spending to 0.72% of gross national income despite a challenging budget climate and should strive to maintain that level of aid for the years ahead, according to a new OECD Review.
In its latest Peer Review of the United Kingdom, the OECD’s Development Assistance Committee (DAC) notes that raising its official development assistance (ODA) by 30.5% to GBP 11.4 billion in 2013 made the UK the world’s No. 2 donor by aid volume after the United States.
Headline aid figures only tell part of the picture. While aid volumes have risen globally, poor countries are losing out. Between 2010 and 2012, assistance from DAC members to the Least Developed Countries fell by 12%. Meanwhile, aid to upper-middle income countries rose steadily. Shouldn’t this be the other way round?
Peer Reviews of DAC members
OECD's comprehensive review of investment policy in Botswana. After an overview of the country, the review examines investment policy, investment promotion and facilitation as well as infrastructure in Botswana.
Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.
DACnews is designed to help development practitioners keep abreast of DAC work so that we can increase its reach and impact. DACnews brings you the latest news, statistics and best practice recommendations from the OECD DAC plus guest speakers and comment from leaders in development.
Statistics on external development finance extended with the purpose of assisting developing countries in the implementation of the three Rio Conventions.
El lanzamiento de la octava edición de Perspectivas Económicas de América Latina 2015 (LEO2015): Educación, competencias e innovación para el desarrollo tendrá lugar el martes 9 de diciembre 8.30am en el marco de la Cumbre Iberoamericana en Veracruz, México.
Ireland is one of the best performing donors when it comes to directing its development aid to the world’s neediest countries, according to a new OECD report.