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This year's Global Forum had two main aims: shaping the new OECD Strategy on Development and identifying priorities and best practices in making public expenditure more effective and efficient for development.
OECD Strategy on Development: Discussions helped shape this new strategy, called for by OECD Ministers in May 2011. In particular, participants were invited to comment on work proposed in the areas of governance and domestic resource mobilisation.
More effective and efficient public expenditure: Participants identified priorities and best practices in making public expenditure more effective and efficient for development. Amidst mounting pressure on public spending in developing countries, fiscal space may have increased, but raising taxation or debt often remains challenging. The aim at this forum was to assess public sector capacity, and review the structures and tools used to ensure that public expenditure was effective, notably in the area of infrastructure.
The Forum was held back-to-back with a celebration of the OECD Development Centre’s 50th Anniversary (1 March 2012), which gathered a range of ministers from OECD and non-member economies.