According to the OECD’s latest Global Outlook on Financing for Sustainable Development, developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals (SDGs), as governments and investors grapple with the health, economic and social impacts of the COVID-19 crisis.
Climate finance provided and mobilised by developed countries for developing countries totalled USD 78.9 billion in 2018, up 11% from 71.2 billion in 2017. The increase was driven by a rise in public climate finance, while private climate finance was flat, according to new figures from the OECD.
The international community continues to make progress towards strengthening developing countries' ability to effectively tax multinational enterprises, despite the adverse impact of the COVID-19 crisis on domestic resource mobilisation efforts.
The COVID-19 pandemic is aggravating inequality, poverty and insecurity in vulnerable, or fragile, countries and territories, making it more important than ever to focus development efforts on such places, according to a new OECD report.
Countries need to work together to defend the ocean from a steady rise in temperature, pollution and overfishing that threatens its ability to continue supporting marine life and providing food and income to billions of people, according to a new OECD report.
Members of the OECD Development Assistance Committee (DAC), comprised of 29 donor countries and the EU, have agreed on a method for reporting debt relief as official development assistance (ODA).
The OECD and member countries that provide foreign aid are exploring how they can work to help the most vulnerable countries to weather the Covid-19 crisis, as new data showed a rise in Official Development Assistance (ODA) in 2019, particularly to the poorest countries.
Members of the OECD Development Assistance Committee (DAC) today issued a statement expressing their support for the response by UN agencies, multilateral development banks and civil society to the global Covid-19 crisis, and welcoming calls by G20 and G7 leaders to focus on the impact on developing countries.
Violence in North and West Africa is increasingly targeting civilian and border regions as today’s conflicts involve non-state actors with diverging agendas, according to a new report by the OECD’s Sahel and West Africa Club (SWAC).
Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report.