After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.
We need to design a new vision, a new agenda and a unique post-2015 framework addressing economic, social and environmental challenges in a more integrated manner, said Angel Gurría, OECD Secretary-General and Erik Solheim, Chairman of the OECD Development Assistance Committee.
Harnessing natural resource wealth for economic transformation
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.
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.
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.
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.
Promoting policy dialogue on natural resource-based development at Africa Down Under / Logistics key for economic development / Key structural policy changes in emerging Asia
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Although growth outlook is mixed across Emerging Asia, the latest Asian Business Cycle Indicators (ABCIs) suggest signs of growth stabilisation for China and a more positive outlook for the Philippines and Singapore, while still weak growth prospects for India.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).