OECD Calls for Overhaul of the Development Finance System
Devex | Tue, Nov 13, 2018
by Rebecca Root
Body
The development finance system needs overhauling, according to the Organisation for Economic Co-operation and Development, which gathers key economic data and aid spending figures from the world’s major economies.
In a report published Monday, the global forum identified a significant decline in external funding — foreign sources of funding that have the potential to affect development progress — to low-income countries. The figures indicate that the 2030 Agenda for Sustainable Development will not be achieved under the current system, the report states.
To continue reading at
Devex
, click here.