Three months ago, we blogged that it could be crunch time for the Organisation for Economic Cooperation and Development Development Assistance Committee (OECD DAC)’s rules on aid. These are the rules that decide how much ‘aid credit’ donors have earned, and hence how they measure up against the UN target that aid should account for at least 0.7% of national income. When we posted that blog, DAC members had been given a deadline of 26 April to decide on the new rules, which would allow them to report more support for private sector actors in Southern countries as Official Development Assistance (ODA). We were concerned that the DAC was rushing into far-reaching changes, without having built in basic safeguards to protect the core purpose of ODA – poverty reduction. So where do ...
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