Note: Single-source report; awaiting corroboration.
The OECD develops international standards and guidelines for development cooperation based on best practices and monitors their implementation by member countries. It collaborates with member and partner countries, as well as organizations like the United Nations, to support development commitments. The OECD also invites governments from developing countries to participate in policy dialogues.
To promote financing for sustainable development from both public and private sources, the OECD collects data, analyzes financial flows and policies, and establishes statistical frameworks. This enables engagement with governments and the private sector to advise on more efficient and sound development financing approaches.
The Organisation analyzes global and regional development trends to help countries at various income levels design innovative policies to improve quality of life. It strengthens governance mechanisms in low- and middle-income countries to enhance public service delivery, meet development objectives, and reduce poverty.
The OECD promotes inclusive policies to reduce inequality and eradicate poverty, including increasing access to formal employment, combating hunger and malnutrition, expanding social protection, and achieving gender equality. It also supports policies aimed at conflict prevention and maintaining peace at local and regional levels.
In addressing green and digital transitions, the OECD highlights the need for a steady supply of critical minerals essential for renewable energy, electric vehicles, and electronics. It advocates standards-based responsible mining to ensure positive development outcomes and resilient supply chains.
Official development assistance (ODA), recognized as the gold standard of foreign aid since 1969 according to the OECD Development Assistance Committee, remains the primary source of development financing. The OECD provides the only official, reliable, and comprehensive ODA statistics, underpinning its role in international development efforts.