\ \ \ OECD / Secretary-General’s Report to Ministers 2015
Development Co-operation Directorate
The Development Co-operation Directorate (DCD) supports the Development Assistance Committee (DAC) in developing better policies for better lives by tracking development finance, making sure it is invested effectively and promoting sound development policy. In addition, through inclusive partnerships for development, it provides an open forum to share good practice and build knowledge. Jon Lomøy Director E-mail: dac.contact@oecd.org
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In December 2014 Ministers of the OECD Development Assistance Committee reached a historic agreement to provide a more accurate and credible measure of official development assistance (ODA) that carries the right incentives. In doing so they pledged to allocate more ODA to the countries most in need. The rules that define what counts as ODA were first set by the DAC over 40 years ago. This modernisation makes ODA fit for the future.
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DCD is working to ensure solid support to the implementation of the post2015 development agenda, whose scope and ambition offer tremendous opportunities for maximising our contribution. For instance, because we know that just a 1% increase in developing country tax revenues can mobilise twice as much – for health, education and roads – as total development assistance, we are helping developing countries improve their tax systems, while tackling complex issues such as illicit trade, money laundering and bribery. Addressing the financing challenges of the new sustainable development agenda will require careful attention to existing and potential resources, from both the public and private sector. Our 2014 Development Co‑operation Report explores numerous ways of making smarter use of ODA - and of mobilising other resources. We have worked intensively to modernise ODA, and are also consulting with a range of stakeholders to develop a new broader measure of Total Official Support for Sustainable Development, which will complement – but not replace – ODA, enabling more transparent monitoring of resources in support of development. Yet money alone does not drive development – partnerships and policies do. We continue to support numerous dynamic development partnerships, including the Global Partnership for Effective Development Co-operation.
www.oecd.org/dac
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Secretary-General’s Report to Ministers 2015 – © OECD 2015