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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
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2009 annual report on PCD
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The Progress Report on PCD was presented at the 24-25 June 2009 MCM
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progress report for Council
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Aid ineffectiveness, fragmentation, and volatility have already been highlighted by scholars and OECD studies. Far fewer studies have been devoted to another problem of capital flows: herding behaviour.
Sweden spent USD 4.73 billion on overseas development assistance (ODA) in 2008. This amounted to 0.98% of its gross national income (GNI) and made Sweden the most generous of all DAC donor countries as a proportion of its national income. This is particularly laudable in a time of global recession. Its 2009 EU presidency offers an important opportunity to shore up support within the international community for development
Switzerland’s aid volume was USD 2.02 billion in 2008, an increase of more than 6% over the previous year, and a total of 0.42% of its gross national income (GNI). In 2008 it had already surpassed its Monterrey commitment to contribute 0.4% of its GNI to ODA by 2010. Switzerland should adopt a 0.5% target for its aid, keeping in mind the 0.7% UN target. At the request of parliament, the Federal Council has evaluated options for a
Sweden spent USD 4.73 billion on overseas development assistance (ODA) in 2008. This amounted to 0.98% of its gross national income (GNI), making Sweden the most generous DAC donor countries as a proportion of its economy.
The Development Assistance Committee (DAC) of the OECD notes that Italian Co-operation is facing major challenges. The first is an urgent need to reform official development co-operation, but no political consensus on how to proceed.
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