06/02/2001 - Although much of the world has enjoyed an economic boom for almost a decade, one person in five across the globe still lives on less than $1 a day. A commitment to halve world poverty by 2015 is now the top priority of international development co-operation, and it is the guiding theme of this year's Development Co-operation Report.
The report reviews recent progress towards the goal of a world free of poverty and the misery it brings. It stresses the importance of partnerships to achieve this goal -- between countries; among governments, civil society and the private sector; and among international organisations -- highlighting two key messages:
- a wide-ranging agenda for strengthening ownership and partnership has emerged in recent years and is now changing the way that development co-operation is conducted;
- globalisation is bringing new opportunities to the partnership with developing countries -- the challenge for the international community is to formulate concerted and coherent policies to ensure that globalisation will benefit poor people.
The Report outlines trends in development finance. It notes that while bank and bond financing to developing countries remains depressed following the Asian financial crisis, foreign direct investment has proved resilient, and is now the largest source of finance to developing countries. FDI remains concentrated on more dynamic economies, however. Some poor countries are attracting FDI, especially in oil and mining industries, but most continue to see little of it. Aid flows continued their modest recovery in 1999, with extra help for Asian countries, especially from Japan, and the international efforts to aid Kosovo and East Timor.
There is a special focus on two strategic policy areas where there is a strong potential to reduce poverty: investment in health and attention to gender equality and mainstreaming. An extensive statistical annex provides a wealth of data on resource flows to developing and transition countries.
The Report concludes that progress is being made, but not fast enough to reach the agreed goals. Key determinants of future success will include: stronger voices and choices for the poor; ensuring economic stability and growth that favours them; providing basic social services for all, including basic education and health care; opening markets to trade and technology; and maintaining adequate and well-directed development resources.
Journalists may obtain a copy from the OECD Media Relations Division. The report is also available at the OECD's Online Bookshop. For further information, please contact Helen Fisher, OECD Media Relations Division (tel. 33 1 45 24 80 97).
"Development Co-operation - 2000 Report"
294 pages, OECD, Paris 2001
Available in electronic version (pdf)
FF295.18; US$49; DM88.01
ISBN 92-64-19000-7 (43 01 31 1)