Devex Reports On Proceedings Of OECD DAC High-Level Meeting
Devex: OECD DAC agrees to policy tweaks, delays moves on climate, civil society
“The COVID-19 response, climate action, and how the Organisation for Economic Cooperation and Development’s Development Assistance Committee works with civil society all featured at the committee’s biennial high-level meeting last week, though progress on each was incremental. The backdrop was a new report from OECD, the Global Outlook on Financing for Sustainable Development, which found that the SDG financing gap could increase by 70% to $4.2 trillion as a result of the COVID-19 crisis. … In April, with civil society calling for greater developing spending in response to the pandemic, the group of 30 wealthy-country donors instead announced they would ‘strive to protect’ ODA budgets as governments spend big at home. Some questioned how much last week’s meeting accomplished…” (Saldinger/Chadwick, 11/16).