External finance to poor countries is declining, despite a promise by the international community three years ago to increase development finance flows, in particular through private investment, according to a new OECD report.
The OECD Development Centre will publish its bi-annual Economic Outlook for Southeast Asia, China and India on 12 November 2018 on the occasion of the ASEAN Business and Investment Summit 2018.
Africa has sustained gains in domestic resource mobilisation made since 2000, as tax revenues remained stable in 2016, according to Revenue Statistics in Africa 2018. Providing internationally comparable data for 21 participating countries, the report finds that the average tax-to-GDP ratio was 18.2% in 2016, the same level as in 2015, which represents a strong improvement from 13.1% in 2000.
The OECD welcomes France’s recently announced plans to increase its foreign aid flows, particularly in the form of grants, and prioritise the most fragile countries, commitments that respond to recommendations made in a new DAC Peer Review of France.
Canada has shown a renewed engagement in global development in the last few years. This now needs to translate into concrete action to increase aid flows and ensure that development co-operation is effective and coherent, according to a new OECD Review.
Economic growth in Emerging Asia, the ten member countries of the Association of Southeast Asian Nations (ASEAN), China and India, is expected to remain stable in the near term. Average real gross domestic product (GDP) in the region is expected to grow by 6.6% in 2018 and 6.5% in 2019.
The OECD took steps to deepen its engagement with Thailand, South Africa and Peru during the Organisation’s annual Ministerial Meeting and announced it will open an office in Istanbul to provide a base for its growing work with partner countries.
Romania became a Participant in the Development Assistance Committee (DAC) on 5 April 2018. As a provider of substantial concessional finance for development co-operation and humanitarian aid, Romania will contribute to the DAC’s discussions and work on key development and humanitarian issues.
Foreign aid from official donors totalled USD 146.6 billion in 2017, a small decrease of 0.6% from 2016 in real terms as less money was spent on refugees inside donor countries but with more funds flowing to countries most in need of aid, according to preliminary official data collected by the OECD.
Tras cinco años de ralentización económica y una recesión de dos años en 2015-2016, ALC está en una senda de recuperación suave. Según las estimaciones del informe, se proyecta que el Producto Interior Bruto (PIB) de la región crezca entre 2 y 2.5% en 2018, después de haber crecido en un 1.3% en 2017.