Organisation for Economic Co-operation and Development (OECD)

OECD-DAC High Level Meeting in Paris on 30 and 31 October

10/11/2017 - 14:45
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The OECD-DAC convened at high level in Paris on 30 and 31 October to discuss about a range of issues of particular importance for international development such as how to enhance the engagement of private sector in development, how donors can improve effectiveness of their development actions and about the consequences of discontinuing ODA to countries that are not entitled to receive it any longer.

The OECD-DAC convened at high level in Paris on 30 and 31 October to discuss about a range of issues of particular importance for international development such as how to enhance the engagement of private sector in development, how donors can improve effectiveness of their development actions and about the consequences of discontinuing ODA to countries that are not entitled to receive it any longer. Among others, Participants agreed on clarifications about the way DAC members report as ODA their costs for accepting refugees in their own countries (allowed for the first year upon arrival) as well as on a set of Blended Finance Principles for Unlocking Commercial Finance which will allow a benchmark for donors to address financing needs in developing countries in the most effective way (see DAC HLM Communiqué under  http://www.oecd.org/dac/DAC-HLM-2017-Communique.pdf). The EU, represented by DG Manservisi, had an active presence and high visibility – both during the preparatory phase as well as on the spot, including by strongly engaging in the margins with the Chair/Secretariat and other DAC members in search of consensus.