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This is a presentation by the Director of the Development Co-operation Directorate of the OECD Jon Lomøy to the Expert Reference Group on external financing for development. The presentation was given 3-4 October, 2013 and outlines the objectives of the work programme looking at how development finance is measured. http://www.oecd.org/dac/financing-development.htm
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Measuring Development Finance:A Situation Report
Presentation by Jon Lomøy Introduction to the 1st Session of the Expert Reference Group
OECD / 3-4 October 2013
Post-2015 discussion is taking shape
Eradicate absolute poverty by 2030 Bring the poverty and sustainability agendas
together Climate change and peace and security part of
the development agenda UN post-2015 HLP report: ‘A single agenda
should have a coherent overall financing structure’
Today’s external developmentfinance landscape
Financing development: new challenges
ODA - An increasingly smaller share of resource receipts by developing countries (20% today vs. 50% in 1960s) despite having increased by 63 % over the last decade
Many more actors - SSC, emerging providers, foundations, private sector
Private flows much larger, more dynamic
Need for a comprehensive measurement system for external development finance post-2015 – current system too ODA centric
New measure of development finance
OECD-DAC Ministers (Dec 2012): Define a new measure of total official support for
development beyond ODA Represent both donor effort and recipient benefit Look at whether ODA concept needs to be modernised Map out different sources, types and flows, including
relationship & conditions for maximising impact Establish by 2015 a clear, quantitative definition of
concessional in character in line with prevailing financial market conditions.
External development finance: emerging concepts - provider’s perspective
External development finance: emerging concepts - country’s perspective
What DAC statistics include
What DAC statistics do not include Some flowsTrade flows; remittances; official payments to individuals; flows originating in developing countries; military aid and security expenditures
StocksStocks of foreign direct and portfolio investments and external debt
Contingent liabilitiesEx. guarantees; insurance schemes; catastrophe bonds
Other financial instrumentsInternational taxes, fees and charges, international liquidities, blended value instruments and tax breaks for contributions to NGOs
Other considerations
Non-DAC official providers Regional and sub-regional DFIs Foundations (only the Gates Foundation
reports to CRS) Corporate philanthropy Hybrid organisations - social venture capital
initiatives NGOs
Issues for discussion Are all the major elements of development finance
(actors, flows, modalities and instruments) adequately measured and covered? Where are the gaps?
What might be the best avenues for improving data availability?
How can the DAC statistical system be built upon to accommodate the ever-increasing number of development actors, instruments and modalities?
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