OECD Development

Caribbean countries are pioneering innovative debt solutions to tackle high debt while funding their development goals. Green, social, sustainability-linked, and blue (GSSSB) bonds have grown to $1.5 billion since 2019. Other tools, such as climate-resilient debt clauses (allowing payment deferrals after disasters) and debt-for-nature swaps, reduce debt while supporting sustainability. 🔵 Grenada is leading the way with natural disaster clauses. In 2024, Grenada paused debt payments after Hurricane Beryl, saving $28 million. 🔵 Belize and Barbados have used debt-for-nature swaps since 2021. This reduced Belize’s debt by 8.7% of GDP and generated $178 million for marine conservation. Strong regulatory frameworks will boost transparency and attract investments. Learn more in the Caribbean Development Dynamics report ➡️ https://brnw.ch/cdd2024 Inter-American Development Bank

Climate finance...development finance... USD 100 billion goal... multilateral development finance... ODA...What’s the difference? 🤔 As governments, organisations and financial institutions work to meet global climate and development goals, understanding the distinction between these critical types of finance is essential to ensure consistent accounting methods. Our new FAQ webpage breaks it all down: 🌍 What is climate finance? 📈 What is development finance? 🔗 How are they interlinked? With clear answers and data-driven insights, this explainer is your go-to resource for understanding how these different financial flows support global climate action and development goals. Explore the FAQ and test your knowledge ➡️ https://lnkd.in/g-NNUgp7 Bonus points if you can tell us the difference between the terms “climate-specific” and “climate-related” in the comments below! #ClimateFinance | #DevelopmentFinance | #OECD Chiara Falduto, Raphaël Jachnik, OECD Development

Women’s access to financial services in Latin America and the Caribbean has significantly improved, with the percentage of women holding bank accounts increasing from 34.9% to 69.3% between 2011-21. However, gender gaps persist, particularly in access to credit, where only 25% of women borrow from financial institutions, compared to 36% of men. Barriers such as cultural norms, legal frameworks and financial literacy hinder women’s full financial inclusion. Gender-sensitive lending practices and innovative credit scoring methods can help overcome these challenges. Learn more about the role of financial inclusion in closing gender gaps in the Latin American Economic Outlook ➡️ https://brnw.ch/LEO2024 | #FfD4

How can humanitarian, development and peace actors work better together to support the 117 million people forcibly displaced people worldwide and their host communities? Our new paper with UNHCR, the UN Refugee Agency reviews 27 initiatives tackling the challenges of forced displacement in low-income and middle-income countries with an #HDPNexus approach, drawing lessons in terms of the programming, co-ordination and financing. Read the full analysis ➡️ https://brnw.ch/21wPugF #MigrantsDay

Africa faces a debt crisis rooted in its credit-rating system. Thirty-two African countries now commit more to servicing debt than they do investing in healthcare. The African Union is developing its own credit rating agency (AfCRA), while experts call for reforms including a global regulator and greater transparency from rating agencies. Read how reforming credit ratings could help unlock debt solutions for Africa in new #DevMatters article by Daniel Cash ➡️ https://brnw.ch/21wPthi

What skills will Africa's workforce need in 2050? Participants at the #AfricaForum last week highlighted a mix of technical and human capabilities. What skills do you think will be most crucial? Share your thoughts below. 👇 _ Speakers (in order of appearance): Oyetola O.duyemi, Senior Director, The END Fund René-Laurent Alciator, Head, United Bank for Africa Representative Office Matina Razafimahefa, Founder, SAYNA Kasera Achayo, Ambassador, Embassy of Kenya, Paris Laetitia Lomama, OECD - OCDE Dagraça Mobengo, Consultant and Industrial Designer Cherifia Atteib Doutoum, Masters Student, Paris Dauphine Thierno Iliassa BALDE, Advisor in charge of Trade, Industry, Foresight and Financial resource mobilisation, Republic of Guinea Sibiri Jean Zoundi, Director, Sahel and West Africa Club/Club du Sahel et de l'Afrique de l'Ouest Sabine Bernard MPH, CEO, Smart Dev Global Arthur Minsat, Head of Unit for Africa and Middle East, OECD Development Centre

The Caribbean is one of the most climate-vulnerable regions, even though it contributes very little to global emissions. Extreme climate events, such as heatwaves, droughts, storms, and wildfires surged by 85% in 2001-20. Building resilience is crucial — through adaptation planning, resilient infrastructure, and early warning systems. But there's also huge potential: The Caribbean's rich biodiversity offers opportunities in renewable energy, sustainable tourism, the blue economy, and nature-based solutions. Find out more in the Caribbean Development Dynamics report ➡️ https://brnw.ch/cdd2024 Mia Amor Mottley Inter-American Development Bank Sebastian Nieto Parra Juan Vazquez Zamora Luis Cecchi Ilan Goldfajn Ragnheidur Elin Arnadottir Anton E. Edmunds Rodinald Soomer Damie Sinanan Renata Vargas Amaral Cloe Ortiz de Mendivil Brenda Wills Keith Nurse Cleviston Haynes Chad Blackman LLB, LLM, JP OECD - OCDE OCDE en Español

New OECD Development Co-operation Peer Review of #Finland shows strong foundations but calls for significant changes.    Finland has made substantial progress in its development co-operation since 2017, building robust results and risk management systems.    However, planned official development assistance (#ODA) budget reductions over 2024-27 will affect bilateral and multilateral programmes, as well as humanitarian assistance.    To maximise impact with reduced resources, Finland should:  🟣 Target ODA where it's most needed - in the poorest and most fragile contexts  🟣 Reinforce a sustainable development focus in international co-operation   🟣 Maintain its leadership on human rights and gender equality  🟣 Strengthen partnerships to fill development financing gaps    Read the full Peer Review ➡️ https://brnw.ch/finlandpr

📢We are launching our new report 𝗖𝗮𝗿𝗶𝗯𝗯𝗲𝗮𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 𝟮𝟬𝟮𝟱!! The result of a fruitful partnership between the OECD Development Centre and Banco Interamericano de Desarrollo 👏 📅 𝗪𝗵𝗲𝗻: Tomorrow, Friday, 13/12. From 2 to 5pm (Barbados time) From 7pm to 10pm (France, Spain). 🧭 𝗪𝗵𝗲𝗿𝗲: in Bridgetown, Barbados, IDB Offices. You can 𝗳𝗼𝗹𝗹𝗼𝘄 𝗶𝘁 𝗹𝗶𝘃𝗲 𝗵𝗲𝗿𝗲! ➡️ Youtube: https://lnkd.in/dzuSiwT3 ➡️ Facebook live: https://lnkd.in/d7kFwXDP 💁♀️ 𝗪𝗵𝗼: a high-level event featuring Prime Minister of Barbados Mia Amor Mottley, Mathias Cormann Ragnheidur Elin Arnadottir Ilan Goldfajn Ryan R. Straughn Chad Blackman Rodinald Soomer Damie Sinanan Malgorzata Wasilewska Renata Vargas Amaral Brenda Wills Anton E. Edmunds Keith Nurse Cristina Pérez Gutiérrez 📖 𝗪𝗵𝗮𝘁: a multidimensional perspective on key challenges and opportunities in the Caribbean, and on policies to unlock the region's development potential: 🌱 Building resilience and benefitting from the region's rich biodiversity. 👥 Reducing food insecurity and poverty, and creating more formal jobs for all. ⚙️ Boosting productivity and economic upgrading around sustainable sectors. 🏛️ Strengthening institutions, data and security, and overall the social contract. 🪙 Financing sustainable development, with the use of innovative instruments. 🌎 Deepening regional integration & strengthening international partnerships. This is the result of amazing work and leadership by many! Luis Cecchi Sebastian Nieto Parra Federico Bonaglia Setsuko Saya María Garcin Zaldívar Laura Gutiérrez Cadena Mariana Navarro Martina Lejtreger Victoria de la Puente Álvarez Thomas Manfredi Rosario Hernando Cruz Rita Da Costa Manuel Toselli David Rosenblatt Carina Cockburn Carla Fernández-Durán Gortázar Fazia Pusterla Carolyn Robert Juan Sainz Herrero Ignacio Ybáñez Rubio Felice Zaccheo Diana Montero Melis Jan Yves Remy Len Ishmael Cecilia Piemonte Piera Tortora

Latin America and the Caribbean (LAC) countries need more financial resources to overcome socio-economic challenges and achieve sustainable development. In 2023, 29% of the population lived in poverty—its lowest level since 2015—yet extreme poverty remained high, affecting 1 in 10 people. Informal employment remains widespread, with 55.7% of workers in informal jobs in 2022. LAC countries must continue advancing towards universal social protection systems and ensure that high-quality financial services are accessible to all, particularly underserved and low-income populations, to promote prosperity and reduce inequality. Learn more in the 🆕 Latin American Economic Outlook ➡️ https://brnw.ch/LEO2024 | #FfD4