The Foreign Affairs Council in Development configuration held on 20 May 2022 approved Council Conclusions on “EU’s renewed partnership with Least Developed Countries (LDCs)”. The Council Conclusions confirm EU’s commitment to support Least Developed Countries (LDCs) in view of the challenges these countries are facing in terms of achieving Agenda 2030. The Council invites the […]
Developing countries still have to regain lost ground from the COVID-19 pandemic. The pandemic has put more countries at risk of debt distress, constrained their fiscal space and hampered economic growth. The war in Ukraine is exacerbating all these challenges. In this context, the “2022 Financing for Sustainable Development Report” identifies a “great finance divide”
UN Report: Financing for Sustainable Development Report 2022 Read More »
In 2021, Official Development Assistance (ODA) by member countries of the Development Assistance Committee (DAC) amounted to USD 178.9 billion, representing 0.33% of their combined GNI. This total included USD 174.9 billion in the form of grants, loans to sovereign entities, debt relief and contributions to multilateral institutions(calculated on a grant-equivalent basis); USD 1.1 billion
OECD – Preliminary Official Development Assistance (ODA) levels in 2021 Read More »
The Annual Report on the implementation of the European Union’s External Action Instruments in 2020, presents the main aspects in EU’s financial support for international cooperation and development. The Report constitutes a significant mean for transparency and accountability as regards to EU’s external action, both in terms of progress achieved in the implementation of the
Members of the OECD Development Assistance Committee (DAC) are the most generous contributors of COVID vaccinations for developing countries. According to latest estimates, 96% of the contributions to the Access to COVID-19 Tools (ACT) Accelerator will be ODA-eligible, and more than 86% of all contributions pledged to date (and 90% of contributions to COVAX) have
ODA Valuation of Vaccine Donations Read More »
The annual Development Co-operation Report brings new evidence, analysis and ideas on sustainable development to members of the OECD Development Assistance Committee (DAC) and the international community more broadly. The objectives are to promote best practices and innovation in development co-operation, and to inform and shape policy and behaviour to realise the Sustainable Development Goals
Development Co-operation Report 2021: Shaping a Just Digital Transformation Read More »
The Council Conclusions on European Public Sector Expertise were adopted by the Council at 3828th meeting held on 19th November 2021. Council Conclusions on European Public Sector Expertise
Council Conclusions on European Public Sector Expertise Read More »
The Council Conclusions on Water in the EU’s External Action were adopted by the Council at 3828th meeting held on 19th November 2021. Council Conclusions on Water in the EU’s External Action
Council Conclusions on Water in the EU’s External Action Read More »
Reporting on DAC Members’ 2020 High Level Meeting Commitments A transition towards environmentally sustainable, low-emissions and climate-resilient development pathways is a critical component of all countries’ ability to achieve the 2030 Agenda for Sustainable Development. This challenge is prompting new approaches to aligning international development co-operation with the objectives of the Paris Agreement, the Convention
The members of the OECD Development Assistance Committee (DAC) issued a joint Declaration ahead of COP26 committing to align official development assistance (ODA), which totalled USD 161 billion in 2020, with the goals of the Paris Agreement on Climate Change. This Declaration: https://www.oecd.org/dac/development-assistance-committee/dac-declaration-climate-cop26.htm
