1887

Small States

Economic Review and Basic Statistics, Volume 18

image of Small States

This unique annual collection of key economic and statistical data on states with fewer than five million inhabitants is an essential reference for economists, planners and policy-makers. The Commonwealth’s definition of small states is those with a population of one and a half million or less. For comparison purposes this volume presents, where available, data on states with a population of up to five million.



This volume contains 17 tables covering development indicators and an article focusing on the reform of overseas development assistance (ODA) and Post-2015 financing for development (FFD) in small states.

English

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Foreword

This eighteenth issue of Small States: Economic Review and Basic Statistics focuses on the future of overseas development assistance (ODA) and post-2015 development financing in small island developing states (SIDS), a topic that is particularly important in the lead-up to the United Nations’ summit on the post-2015 development agenda in September 2015. The feature article by Travis Mitchell, Economic Adviser at the Commonwealth Secretariat, reviews the decisions made by the Organisation for Economic Co-operation and Development - Development Assistance Committee (OECD-DAC) in December 2014 to reform the DAC statistical framework. Among other things, the reforms could potentially increase the level of assistance to vulnerable countries (including SIDS), revise reporting requirements for ODA, reconsider the treatment of market instruments in ODA, and introduce a new measure of aid (total official support for development). The paper assesses the impact these changes will have on development financing in SIDS. It concludes that, for DAC members to meet their commitment to expand assistance to SIDS, disbursements between 2015 and 2017 will have to be substantial, since ODA to SIDS is currently projected to fall by approximately 2.4 per cent during this period.

English

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