Development Co-operation Report 2014

Mobilising Resources for Sustainable Development

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The Development Co-operation Report (DCR) is a yearly report by the Chair of the Development Assistance Committee (DAC) that addresses important challenges for the international development community and provides practical guidance and recommendations on how to tackle them. Moreover, it reports the profiles and performance of DAC development co-operation providers and presents DAC statistics on official development assistance (ODA) and private resource flows.

The Development Co-operation Report 2014: Mobilising resources for sustainable development is the second in a trilogy (2013-15) focusing on “Global Development Co-operation Post-2015: Managing Interdependence”. The report provides an overview of the sources of finance available to developing countries and proposes recommendations on how to mobilise further resources. It also 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.

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Financing peace and security for sustainable development

There is growing recognition that peace and security are fundamental for socio‑economic development, yet these public goods were not explicitly targeted by the Millennium Development Goals (MDGs). Pursuing them in the post-MDG development framework will require indicators to measure them as well as a global funding mechanism. This chapter explores these challenges, as well as the moral hazard issues associated with identifying and supporting activities to build peace and security. It considers collective mechanisms for financing security and development, such as a global tax and peace bonds, and finds that action should prioritise preventing conflict rather than trying to end existing wars, which is the most costly and risky form of intervention. Critically, traditional development actors will need to be more involved in the provision of peace and security. This public good is too important to be left to the security policy community alone.

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