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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How to better mobilise resources for sustainable development

This is an exciting, and challenging, time for the global community as the details of the post-2015 development agenda begin to crystallise. The signs are that it will be a much broader approach than the Millennium Development Goals, applying to developed and developing countries alike and embodying new concepts and ways of viewing development. Such a holistic and ambitious agenda will require financing to match. This first chapter of the Development Co-operation Report 2014 outlines the financing context and gives an overview of the many resources beyond official development assistance (ODA) that can and should be tapped and channelled to finance sustainable development. The world now faces the challenge of mobilising and directing these resources to achieve global goals while keeping ODA focused on where it can make the greatest difference. The OECD is currently working to devise new measures of development finance to reflect these major changes in the development finance landscape and to create the right incentives for ODA to be used in a smart way to mobilise additional resources to finance sustainable development.This chapter also includes an opinion piece by Yun Byung-se, Minister of Foreign Affairs, Republic of Korea, on how Korea’s use of ODA can guide other countries in their development.

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