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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Growing dynamism in South-South co‑operation

South-South co-operation – the exchange of resources, technology and knowledge among developing countries – is increasingly significant for promoting development. While traditional forms of South-South co-operation (trade, investment and technology sharing) are still relevant and growing, new approaches are also emerging that are helping to remodel the development finance landscape. The search for options that can help to end dependence on long-established financial mechanisms is in full swing, including bilateral currency swaps, South-South trust funds and new financial institutions. Such promising developments point to a new era for South-South co‑operation involving deeper engagement, especially in the international finance domain, which can only strengthen the ability to deliver sustainable development in the future.

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