The OECD DAC measures and monitors development finance targeting climate change objectives using two Rio markers: Climate Change Mitigation and Climate Change Adaptation.
In reporting their ODA, donor countries refer to a List of ODA-eligible international organisations, including multilateral agencies, international NGOs, networks and PPPs.
Philanthropic foundations play an important role in sustainable development – not only in mobilising financial resources, but also as development actors in their own right. OECD currently improves the coverage of its development finance statistics by engaging with private philanthropic foundations active in development.
The development community has shown wide interest in better understanding the mobilisation effect of public development finance. So far, three surveys have been launched by the DAC Secretariat (2013, 2015, 2016) with the objective of exploring the feasibility of measuring the amounts mobilised by public development finance in the DAC system. From 2017 on, reporting on amounts mobilised is included in regular reporting to OECD-DAC.
OECD maintains various codes lists which are used by donors to report on their aid flows to the DAC databases. In addition, these codes are used to classify information in the DAC databases.
The 0.7% ODA/GNI target was first agreed in 1970, for achievement by the middle of the 1970s and has been repeatedly reaffirmed in communiqués and declarations from international meetings on development financing since then.
Official development assistance (ODA) is defined by the OECD Development Assistance Committee (DAC) as government aid that promotes and specifically targets the economic development and welfare of developing countries. The DAC adopted ODA as the “gold standard” of foreign aid in 1969 and it remains the main source of financing for development aid.
The OECD Development Assistance Committee is a unique international forum of many of the largest funders of aid, including 30 DAC members.
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DAC List of ODA Recipients - Effective for reporting on 2018, 2019 and 2020 flows
Official Development Assistance (ODA) has played a major part in supporting the costs of the immediate response to this crisis. There is a need to continue to monitor these increasing in-donor costs, to ensure that the credibility of ODA is not called into question.