G7 ministers urged an “ambitious review” of the OECD’s Development Assistance Committee rules, aiming to better incorporate private capital and non-traditional financing. The push is meant to simplify development architecture, lower administrative costs, and improve efficiency. A key shift could recognize vulnerability beyond per capita income, potentially widening support for countries including India.
France, during its G7 presidency, plans to advocate for a major overhaul of the Development Assistance Committee metrics used to decide who receives global development aid. Minister Eleonore Caroit says today’s income-based criteria fail to reflect climate-driven vulnerabilities, especially for small island states. The push seeks better targeting and more sustainable aid delivery.
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