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Development Co-operation Report 2014

Mobilising Resources for Sustainable Development

image of Development Co-operation Report 2014

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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Iceland

In 2013, Iceland delivered USD 35 million ODA (preliminary data), which represented 0.26% of gross national income (GNI) and a 27.4% increase in real terms from 2012. Iceland’s ODA has been increasing since 2011, both in volume and as a share of GNI to ODA. It is committed to achieve 0.7% ODA/GNI. All of its ODA (excluding administrative costs and in-donor refugee costs) was untied in 2012, compared with the DAC average of 81%. The grant element of total ODA was 100% in 2012. At present, data on other official flows, private grants and private flows at market terms from Iceland to developing countries are not available.

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