The Development Assistance Committee of the Organization for Economic Cooperation and Development is quietly implementing a reform process that offers a crucial opportunity for donor governments to identify what should be considered official development assistance.
This year’s ODA modernization process could have a significant impact on the “quality and credibility of aid,” yet few people — even those within the development community — are aware that such reforms are underway, Catherine Blampied, policy manager for research and publications at the ONE Campaign, told Devex.
For countries with limited resources, ODA — the only financial flow explicitly aimed at promoting welfare and economic development — comprises a vital source of financing for providing basic public services and the building blocks of growth, particularly in the least developed countries.