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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.
At the G20 summit in London on 2 April, governments pledged to do all they can to restore confidence, growth and jobs; repair and strengthen the financial system; promote global trade and investment and reject protectionism; and build an inclusive, green and sustainable recovery for all. The OECD worked behind the scenes with G20 governments and other international organisations to help achieve this successful outcome and further our
The combined effect of the global credit crunch, falling international trade and investment flows, lower remittances and the effect of budgetary pressures in donor countries’ aid plans, are reversing the progress we had made in combating global poverty and are pushing more people into hunger, according to the OECD Secretary-General. Important emergency measures need to be taken to ensure that more people have access to food
Austria’s official development assistance (ODA) was 0.42% of its gross national income (GNI) in 2008, putting it in 11th place among OECD’s Development Assistance Committee (DAC) donors.
A crackdown on tax havens and cross-border tax evasion will help developing countries to raise more revenues to pay for much-needed schools, roads and hospitals, according to OECD Secretary-General Angel Gurría.
In an article published on the OECD’s website ahead of the 2009 spring meetings in Washington of the World Bank Group and the International Monetary Fund, Mr. Gurría said improving the effectiveness of developing countries’
As policy makers and central bankers gather in Washington for this year’s Spring Meetings of the World Bank Group and the International Monetary Fund, growing intolerance of tax evasion is good news for developing countries desperate to raise tax revenues to pay for schools, roads and hospitals. Poor people in these countries mostly don’t pay much in taxes. But they are most in need of the improvements in infrastructures and services
Ireland’s net official development assistance (ODA) was USD 1.3 billion in 2008, a 90% increase over 2003 in real terms. Ireland’s aid grew from 0.39% of gross national income in 2003 to 0.58% in 2008 during a period of exceptional national economic growth.