NGO statement on Financing for Development (FfD) Chapter IV
In the NGO statement for the review of chapter 4 of the Financing for Development (FfD) meeting -currently underway at the UN- Civil Society Organizations (CSOs) called upon increasing the volume and maximizing the poverty reduction impact of Official Development Assistance (ODA).
They claim that global ODA figures have fallen, and very few countries have met the target of 0.7% of GNP. They also allege that improvements in aid effectiveness have been patchy and piecemeal both at the global and national levels.
They contribute with 13 measures that donor and recipient countries should commit to. They also demand from the World Bank and other regional development banks greater initiatives towards democratic governance as well as fully respect of the principles of aid effectiveness, with a particular emphasis on country ownership and leadership over national development strategies.
To read the full statement, click here