OECD Development

A focus on crisis response can undermine the long-term goals of multilateral development finance. While multilateral organisations are essential for tackling emergencies, governments must ensure they remain strong by investing in their core functions. 📉 The ratio between Development Assistance Committee (DAC) members’ core and earmarked contributions decreased substantially from 2.3 in 2012-14 to 1.1 in 2020-22. Earmarked funding, designated for specific projects and purposes, surged by 42% in 2022 compared to 2021. This isn’t just a UN issue; recent crises have led to increased earmarking across the entire multilateral development system, including the World Bank and IMF. This shift towards earmarking contributes to the system's fragmentation and impairs its performance. Read more analysis of multilateral development finance ➡ https://brnw.ch/mdfr24 #OurCommonFuture #FfD4

📣 Join us for Multilateral Development Finance Week!  📅 23-29 September 2024    This webinar series will examine the evolving role of multilateral finance in addressing global challenges, such as extreme poverty and climate change.    Experts will discuss the conclusions of the Summit of the Future, as well as next steps on the road to #FfD4 and the reform of the multilateral development system.    Register to attend the virtual sessions with our partner institutions based around the world ➡ https://lnkd.in/eGu7cicJ German Institute of Development and Sustainability (IDOS) BRICS Policy Center IDDRI University of Glasgow Dag Hammarskjöld Foundation Centre for Policy Dialogue (CPD) #OurCommonFuture

Support earmarked for Ukraine drove the increase in multilateral contributions in 2022. Without crisis-response funding, multilateral contributions would have stagnated. Between 2021 and 2022, earmarked support for Ukraine rose by USD 13.2 billion, while core contributions to the multilateral development system declined by USD 3.2 billion. Without the earmarked funds for Ukraine, total multilateral contributions would have decreased by USD 1.9 billion.   Find more analysis in the Multilateral Development Finance Report ➡ https://brnw.ch/mdfr24 #OurCommonFuture #FfD4

Emerging donors are reshaping the funding base of multilateral institutions. While Development Assistance Committee (DAC) members remain the largest contributors to the UN Development System (UNDS) with 95% of contributions, the People’s Republic of China and other non-DAC members made great strides in increasing their influence. Collectively, emerging donors stand as the 8th largest government donors to the UNDS, with China being among the largest and fastest-growing donors to the UNDS alongside the United Arab Emirates and India. ➡️ https://brnw.ch/mdfr24

Development finance delivered by or through multilateral organisations has been increasing over the past ten years, from 45% in 2012 to 61% in 2022. But a focus on scale has come at the expense of concessional financing for the poorest countries. Learn more in our 🆕 Multilateral Development Finance report ➡ https://brnw.ch/21wMpuu #OurCommonFuture #FfD4

Are multilateral organisations financially equipped to tackle global challenges like poverty and climate change? The share of total development aid provided by and channelled through multilateral organisations — including The World Bank , International Monetary Fund, and United Nations agencies — has increased over the past decade. It now surpasses aid provided purely bilaterally by donor countries, with a share of 61% in 2022 versus 45% in 2012. The broad reach and expertise of multilateral organisations make them indispensable for a collective response to global challenges like poverty, climate change, and conflicts. However, despite increasing financial commitments, many organisations have cut back on concessional finance, limiting their capacity to tackle poverty and support countries at risk of debt. Ahead of the Summit of the Future this month, which seeks "multilateral solutions for a better tomorrow," discover 🆕 OECD Development analysis of aid flows and reforms of the multilateral system: https://brnw.ch/21wMn2K | #OurCommonFuture #FfD4

The multilateral development system, which encompasses more than 200 organisations like the World Bank, IMF, and UN, is crucial for fostering collective action on global challenges.     ↗ 2022 marked the 7th consecutive year that OECD Development Assistance Committee (DAC) members increased their contributions to multilateral organisations.    Their aid was comprised of USD 50.6 billion in core contributions—funds that can be used flexibly, while earmarked contributions—funds designated for specific projects or purposes—reached USD 48 billion.     DAC members can enhance the multilateral development system's efficiency and effectiveness by pursuing reforms and prioritising funding quality, coherence, co-ordination, transparency, and accountability.    As the Summit of the Future kicks off this month, read our 🆕 analysis of multilateral development finance and system reforms ➡ https://brnw.ch/mdfr24     #OurCommonFuture #FfD4

To boost economic growth, Africa must invest in better skills for better jobs. By 2050, Africa’s working-age population will double. Education levels are rising, but most workers still have low-quality, informal jobs due to skill gaps and a lack of quality employment. Over 80% of African young people aim for high-skilled jobs, but only 8% find them. Skill shortages in key sectors, such as agrifood, renewable energies and mining, hinder private investment, perpetuating economic informality. How can we shift this dynamic? ➡ Expand quality education ➡ Develop national skill strategies ➡ Improve labour market data ➡ Boost informal worker productivity ➡ Invest in technical and vocational education ➡ Harmonise regional frameworks Learn more in the new #AfricaDevelopment Dynamics report via OECD #OpenAccess ➡️ https://brnw.ch/21wMeaZ OECD Development

By 2050, Africa's working-age population will nearly double, making up 85% of the global increase. Young Africans are becoming more educated, but they face a lack of quality jobs. Over 80% aim for high-skilled jobs, yet only 8% find them. Skill shortages in sectors like agrifood, renewable energy and mining hinder growth and investment. How can countries address these gaps to unlock the continent’s full potential? Learn more in the #AfricaDevelopment Dynamics report via OECD #OpenAccess ➡️ https://brnw.ch/21wMaut OECD Development

ICYMI: How is official development assistance (ODA) allocated? The Development Co-operation Profiles compare data for 100 funders, including OECD countries, other major providers, and private foundations. You can find insights on how donors address poverty and inequalities, along with updates on #ODA’s geographic and thematic focus, flows to partner countries, crisis response, and the institutional set-up of development co-operation. Check out the profiles and compare your country ➡️ https://lnkd.in/eq7H6u7J