Methodological notes

The revised reporting rules for private sector instruments became effective in 2024 for reporting on 2023 ODA, with a possible transition period of one to two years. Throughout the reporting on 2023 and 2024 ODA (i.e. until the full transition to the revised reporting rules), therefore, there is hybrid accounting between the two sets of rules.

The ODA-eligibility of PSI is assessed at the level of the PSI vehicle (see report on the 2024 round of ODA-eligibility assessments and the compendium of templates for the 2024 round) and at the activity level. The donor effort of PSI activities can be counted in ODA if they are

• allocated to countries and territories on the DAC list of ODA recipients,
• administered with the promotion of economic development and welfare of developing countries as their main objective, and
• additional financially and/or in value, together with their development additionality. 

If a PSI vehicle, e.g. a development finance institution (DFI), is assessed as ODA eligible, the donor effort is counted in ODA, either using the capitalisation of the DFI, or the grant equivalent of its outflows.

OECD statistics also capture PSI activities that are not eligible to ODA. If needed, the tab on the activity perspective allows for setting the switch “Exclude activities beyond ODA”, to restrict the data to activities that are reflected in ODA.

Members can choose their point of measurement to be either the transfer of capital to the PSI vehicle (institutional approach) or the implementation of individual PSI activities (instrument approach). Under the revised reporting rules, and irrespective of the chosen approach, all members report on intra-governmental transfers as well as on individual PSI activities for transparency. If a member reports under the institutional approach, capital increases are counted in ODA, while the grant equivalents of individual PSI activities are reported for information (“for memorandum”). In contrast, if a member uses the instrument approach, the grant equivalents of individual PSI activities are counted in ODA, while capital increases are reported for information (“for memorandum”). The tab on the grant equivalent perspective allows to toggle between these two dimensions (“counted in ODA” vs “for memorandum”). During the transition period, the reporting “for memorandum” may be not fully implemented.

Under the revised reporting rules, members can report equities and similar instruments (i.e. preferred equities, reflow-based reimbursable grants) using either the ex-ante or the ex-post method. Members generally strive to use the ex-ante method. It measures donor effort on a grant equivalent basis, comparing the face value with the sum of discounted returns as expected at the commitment stage. Expected maturity and return are estimated at the portfolio level. The ex-post method is used if members cannot use the ex-ante method. It records commitments and subsequent disbursements at face value at the time they occur, and discounted cumulative reflows (sales and dividends) upon exit. During the transition period, such instruments may continue to be reported on a cash-flow basis, as defined in the provisional reporting rules.

A list of all financial instruments can be found in the “type of finance” tab of the DAC and Creditor Reporting System (CRS) code lists (see resources for reporting on development finance statistics). This dashboard uses the following summarised categories:

• Grants (includes standard grants, interest subsidies, and capital subscriptions on deposit and encashment basis)
• Debt instruments (includes standard loans, reimbursable grants, bonds, asset-backed securities, and other debt securities)
• Mezzanine finance (includes subordinated loans, preferred equity, and other hybrid instruments) 
• Equity and shares in CIVs (includes common equity, shares in collective investment vehicles, and reinvested earnings)
• Debt relief (includes different types of debt relief)
• Guarantees (includes different types of guarantees)

A list of all sectors can be found in the “purpose code” tab of the DAC and CRS code lists (see resources for reporting on development finance statistics). This dashboard uses the following summarised categories:

• Social infrastructure (includes all DAC5 codes starting with 1)
• Economic infrastructure (includes all DAC5 codes starting with 2)
• Production (includes all DAC5 codes starting with 3)
• Multisector (includes all DAC5 codes starting with 4)
• Programme assistance (includes all DAC5 codes starting with 5)
• Debt relief (includes all DAC5 codes starting with 6)
• Humanitarian aid (includes all DAC5 codes starting with 7)
• Unspecified (includes all parent DAC5 starting with 9)

A list of all additionality categories can be found in the “PSI additionality” tab of the DAC and CRS code lists (see  resources for reporting on development finance statistics). This dashboard uses the following summarised categories:

• Financial only (one or more of the following, but no other additionality types: targets underserved geographies, targets underserved sectors or segments, conveys investment terms unavailable on the market, mobilises private finance)
• Value only (one or more of the following, but no other additionality types: mitigates non-financial risks, promotes pro-development business models, promotes knowledge transfer and generation)
• Financial and value (at least one additionality type relating to financial additionality and value additionality respectively)
• Other (additionality type “other”)
• Unspecified (no information available on the additionality type)

A list of all recipients and their allocation to regions and income groups can be found in the “recipient” tab of the DAC and CRS code lists (see resources for reporting on development finance statistics).

This dashboard includes all PSI activities, identified as such in members’ reporting to the CRS through the “PSI flag” (see definitions in the “PSI flag” tab of the DAC and CRS code lists in resources for reporting on development finance statistics).

Under the provisional rules, PSI activities were reported as ODA or Other official flows (OOF). Under the revised rules, all PSI are reported under the new flow category PSI.

The technical specifications of the data included in this dashboard are as follows:

• Grant equivalent perspective – counted in ODA:
  • Capital transfers for members reporting under the institutional approach (PSI flags 1 or 10)
  • Individual activities for members reporting under the instrument approach (PSI flags 2, 20, 21 or 22)
• Grant equivalent perspective – for memorandum:
  • Individual activities for members reporting under the institutional approach (PSI flags 4, 40, 41, 42)
  • Capital transfers for members reporting under the instrument approach (PSI flag 50)
• Activity perspective:
  • Individual activities for members reporting under the instrument approach (PSI flags 2, 20, 21 or 22x)
  • Individual activities for members reporting under the institutional approach (PSI flags 4, 40, 41, 42)
  • Individual activities beyond ODA (PSI flags 3, 30)

Under both sets of rules, reflows and interests received are only shown at an aggregate level. As neither reflows nor interests received are displayed in this dashboard, the corresponding aggregates are excluded from the microdata too. They may be retrieved from the related files on the PSI data cube in the Data Explorer.

• Revised reporting rules for private sector instruments  (from 2023 ODA onwards, with a possible transition period of one to two years)
• Provisional reporting rules for private sector instruments  (from 2018 ODA until 2023 ODA)
• Handbook on private sector instruments
• Report on the 2024 round of ODA-eligibility assessments of members’ vehicles extending private sector instruments to developing countries
• Compendium of templates submitted in support of the 2024 round of the ODA-eligibility assessments of members’ PSI vehicles
• DAC and CRS code lists in the resources for reporting on development finance statistics