Development Cooperation Report 2014:
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What is the Development Co-operation Report (DCR)?
The DCR is a yearly report led by the Chair of the Developemnt Assistance Committee and one of the OECD's yearly flagship publications. Every year, the DCR addresses an important challenge for the international development community and provides practical guidance and recommendations on how to tackle it. Moreover, it reports the profiles and performance of Development Assistance Committee (DAC) development cooperation providers and presents DAC statistics on official and private resource flows.
The current cycle of reports is designed to prepare for 2015 and beyond. The Development Co-operation Report 2014 is the second in a trilogy (2013-15) focusing on "Global Development Co-operation Post-2015: Managing Interdependence". The DCR 2013 looked at how to end poverty by 2030 http://www.oecd.org/dac/dcr2013.htm.
What is the background to the 2014 report?
At the Development Assistance Committee's High-Level Meeting (HLM) in December 2012, DAC Ministers called for modernizing the DAC statistical system and devising a new, broader measure of total official support for development. The 2014 Development Co-operation Report (DCR) complements work to fulfill this mandate by exploring the many potential sources of development finance, as well as the diverse means of mobilising additional resources to fund the implementation of the post-2015 goals. This will include a focus on mobilising financial resources from the private sector.
The DCR 2014 will do this in three parts:
In part one, the DCR introduces a number of different sources of finance currently available to developing countries: from official development assistance (ODA), to foreign direct investment and resources from institutional investors, to domestic revenues, philatrophy and resources raised by civil society, as well as remittances.
Part two discusses practical means of mobilising further resources: for example, smart use of ODA to leverage additional resources and mitigate risks; policy reforms to improve the environment for investment in developing countries, mobilize domestic resources and combat illicit flows; and innovative mechanisms that can generate additional resources to finance sustainable development.
In part three, the DCR explores how to mobilise resources to finance the provision of global public goods: for example, to combat climate change, promote peace and security, and create a fair and equal trading system.
The Development Co-operation Report 2014 will be launched at the DAC Senior Level Meeting in October 2014.
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