Ahmedabad, India, May 22, 2017 – African governments need to integrate entrepreneurship more fully into their industrialisation strategies, according to the African Economic Outlook (AEO) 2017 released today at the African Development Bank Group’s 52nd Annual Meetings
Development aid reached a new peak of USD 142.6 billion in 2016, an increase of 8.9% from 2015 after adjusting for exchange rates and inflation. A rise in aid spent on refugees in donor countries boosted the total – but even stripping out refugee costs aid rose 7.1%, according to official data collected by the OECD Development Assistance Committee (DAC).
Tax revenues in Latin America and the Caribbean (LAC) countries continued to increase in 2015, according to new data from the annual Revenue Statistics in Latin America and the Caribbean publication. The average tax-to-GDP ratio for LAC countries reached 22.8% of GDP in 2015, up from 22.2% in 2014.
Poland has built up a small but solid presence in international development and should now focus its limited resources on areas where it can make the most impact, allocating more funds to bilateral aid in priority countries and sectors, according to a new OECD Review.
The United States has maintained foreign aid volumes through the aftermath of the global economic crisis and has visibly improved the focus and effectiveness of its development assistance. These trends should be maintained and reforms to the U.S. Agency for International Development should be consolidated, according to a new OECD Review.
Despite a challenging global environment, the growth prospects of Emerging Asia (Southeast Asia, China and India) remain robust over the medium term, according to the latest edition of the OECD Development Centre’s Economic Outlook for Southeast Asia, China and India.
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SAEO 2017 Press release Malay
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SAEO 2017 Press Release Chinese
Perspectives on Global Development 2017: International Migration in a Shifting World shows that while the share of global migrants originating from developing countries has remained fairly stable at around 80% over the last 20 years, the share of developing country migrants heading to high-income countries has jumped from 36% to 51% of the world total.
New international guidance on fighting corruption in the development sector goes into effect today, backed by more than 40 countries, with progress on agreed recommendations to be monitored by the OECD Working Group on Bribery.