Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report.
The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at 34.2%, underlining the need for urgent action to enhance domestic revenue mobilisation in Africa.
African firms are the key to the economic transformation of the continent, but they need governments to create better conditions for them to thrive, according to the second edition of the African Union Commission’s (AUC) economic report produced in collaboration with the OECD Development Centre.
Economic growth in Emerging Asia is expected to moderate in the near-term, according to the OECD’s Economic Outlook for Southeast Asia, China and India 2020. In the medium term, GDP growth in the region is projected to reach 5.7% in 2020-24, down from 6.7% in 2013-17.
Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016, according to new estimates from the OECD.
Members of the OECD’s Development Assistance Committee (DAC) – 29 donor countries and the EU – agreed on a comprehensive set of recommendations aimed at preventing sexual exploitation, abuse and harassment in the aid sector.
As part of Bulgaria’s efforts to deepen and structure its co-operation with the OECD and contribute to the country’s public policy and reform agenda, Bulgaria’s Prime Minister Boyko Borissov has presented an Action Plan to OECD Secretary-General Angel Gurría.
Using development aid to build trade capacity in poor countries is helping to improve economic diversification and to economically empower marginalised groups, yet progress remains geographically uneven, according to the latest OECD-WTO report on Aid for Trade.
The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda.
Communiqué and Chair’s statement issued at the close of the OECD’s two-day Council Meeting at Ministerial level 2019 presided by the Slovak Republic.