In order to improve the impact of their development work, donors should start recognizing that aid, while still very essential, is not enough to promote sustainable growth in developing countries, U.S. Secretary of State Hillary Clinton said May 25 in remarks at the commemoration of the Organization for Economic Cooperation and Development’s 50th anniversary.
“Countries must be the authors of their own development,” Clinton said. “And we need to make it a priority to help nations mobilize their own resources to create those greater opportunities.”
The secretary added that OECD should be ready to assist developing countries when they ask for help, particularly in fighting corruption, collecting taxes in an equitable manner and developing the right regulations to attract and protect investments.
Clinton also stressed the importance of partnerships between OECD member countries and emerging nations, as well as between the organization and the private sector.
Read more about U.S. development aid.