To get a better overview of all its official support for development, the UAE has completed a pilot exercise with the OECD. This pilot will also contribute to the current discussion on what a broader measure of international development finance should look like. Such a measure should incentivise public financing in support of the SDGs and mobilise private resources for that purpose.
In reporting their ODA, donor countries refer to a List of ODA-eligible international organisations, including multilateral agencies, international NGOs, networks and PPPs.
Note on the treatment of loan concessionality in DAC statistics (valid as of October 2013 database update)
DAC statistics are primarily designed to measure donor effort. The following note describes the OECD DAC’s methodology for calculating imputed multilateral flows, that is imputing aid by multilateral bodies back to the funders of these bodies so that total donor outflows that can be assigned to an individual recipient.
The DAC List of ODA Recipients is designed for statistical purposes. It helps to measure and classify aid and other resource flows originating in donor countries.
Information note on the procedure for proposals for changes to the List of ODA-eligible international organisations
Countries beyond the DAC provided at least USD 23.5 million, or 13%, of the global total of development co-operation in 2013, according to the OECD, showing that 8 out of the 30 largest bilateral providers of development co-operation are not members of the DAC.
The development community has shown wide interest in better understanding the mobilisation effect of public development finance. Two Surveys were launched by the DAC Secretariat in 2013 and 2014, with the objective of exploring the feasibility of measuring in the DAC system the amounts mobilised by public development finance.
Innovative financing for development refers to initiatives that aim to raise new funds for development, or optimise the use of traditional funding sources. They aim to narrow the gap between the resources needed to achieve the Millennium Development Goals, and the resources actually available.
In the context of the current global financial crisis, remittances represent an important source of finance for many developing countries, especially as they tend to rise during downturns in the receiving economy – unlike capital flows such as foreign direct investment, which tend to fall.