OECD Explores Reinstating Countries To Be Eligible For Aid Following Economic Decline Due To Natural Disasters
The Guardian: Historic change to aid rules allows use of funding when lives are at stake
“Aid money can now be used to deal with humanitarian crises in wealthy countries after changes to the existing international rules were agreed at a meeting in Paris on Tuesday. … Under the new system, ratified by the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD), middle-income countries may now be reinstated as eligible if they suffer a long-term economic decline, providing that no aid is diverted from existing recipients…” (Lamble, 11/1).
BBC News: U.K. territories eligible for development aid
“…The OECD’s development assistance committee (DAC) rejected a U.K. plan for small island states to be allowed to waive the rules in emergency. But instead the 30 member countries backed a different plan to use official aid in temporary emergencies but on the crucial condition that no ODA is diverted from existing recipients in the process. The DAC also agreed to establish a new mechanism for middle-income countries to be reinstated on to the list of ODA-eligible recipients if they suffer a long-term economic decline…” (Landale, 10/31).