Written statement to the Development Committee from Angel Gurría, OECD Secretary-General and Erik Solheim, Chair of the OECD Development Assistance Committee during the World Bank Group/International Monetary Fund 2015 Spring meetings in Washington, DC.
South African concessional finance for development reached USD 183 million in 2013, compared to USD 188 million in 2012 (OECD estimates). In 2013, 61% of South Africa’s total development co-operation was channelled through multilateral organisations.
Africa has made significant progress in recent years but important challenges to African development remain that we can break down into three linked areas. Let’s call them the “three i’s”: interconnectedness, investment, and inclusiveness.
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?
Meeting Greece’s Minister of Development and Competitiveness Mr. Kostas Skrekas today, OECD Secretary General Angel Gurría said the Greek government’s reform programme was already showing positive results.
By 2050, the world’s population will have risen to 9 billion. By then, the demand for water will have risen by 55% and demand for food by 60%. And on top of this, a world economy that is four times larger than today could be using up to 80% more energy.
Water security is one of the greatest challenges we face today, yet the situation has never looked more perilous. By 2050 the OECD Environmental Outlook projects that nearly 4 billion people will live in river basins under severe water stress, and global nitrogen effluents from wastewater are projected to grow by 180%. Whilst, over the same period, global demand for water is expected to grow by 55%.
This Initiative was created following the OECD’s commitment at the 6th World Water Forum in Marseille in 2012 to spearhead robust economic and evidence-based analysis, tailored policy dialogues, and multi-stakeholder consultation in support of better water governance.
As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.
Based on recent trends, many middle-income countries are not growing fast enough to reach average income levels in the OECD countries by 2050. This includes several lower middle-income countries – such as India, Indonesia and Viet Nam – but also countries in the upper middle-income bracket, such as Brazil, Colombia, Mexico, and South Africa, said OECD Secretary-General.