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OECD Development Co-operation Peer Reviews: Ireland 2014

image of OECD Development Co-operation Peer Reviews: Ireland 2014

The OECD’s Development Assistance Committee (DAC) conducts periodic reviews of the individual development co-operation efforts of DAC members. This peer review of Ireland reviews its development policies and programmes. It assesses not just the performance of its development co-operation agency, but also policy and implementation. It takes an integrated, system-wide perspective on the development co-operation and humanitarian assistance activities of the member under review.

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Context of Ireland's Peer Review

Since 2008 Ireland has experienced a severe banking and fiscal crisis and, linked to that, considerable fiscal consolidation, which has had an impact on all parts of the Irish economy and society. This DAC peer review of Ireland's development co-operation takes place as the country is getting back on its feet (OECD, 2013). Structural reforms and fiscal consolidation have helped to rebalance the economy, which is recovering gradually, and underpinned a successful return to the sovereign bond market at declining costs. Gross national product (GNP) is estimated to have grown by 3.3% in 2013. According to Ireland's Economic and Social Research Institute, "this shows an economy that is recovering quite vigorously" (ESRI, 2014). GNP is expected to grow by 3.5% in 2014 and 3.7% in 2015 (ibid).

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