The report provides an overview of development finance with biodiversity-related objectives from a wide range of sources: bilateral Development Assistance Committee (DAC) members, non-DAC and South-South and triangular co-operation providers, multilateral institutions, private finance mobilised by development finance, and private philanthropy. The estimates are based on OECD statistical data.

This report provides a year-by-year overview of the main trends in development finance with biodiversity-related objectives for the period 2015-22, considering a wide range of sources: bilateral providers from Development Assistance Committee (DAC) members and beyond, including South-South and triangular co-operation providers; multilateral development banks and other multilateral institutions; private finance mobilised by development finance; and private philanthropy. The estimates are based on statistical data from the OECD and the International Forum on Total Official Support for Sustainable Development (TOSSD), capturing both official development assistance and non-concessional development finance. They include breakdowns by provider, sector, financial instrument and recipient country grouping, as well as details on financial allocations to the mainstreaming of biodiversity, climate change, Indigenous peoples and local communities, and gender equality. The evidence aims to help DAC members and other stakeholders implement the Kunming-Montreal Global Biodiversity Framework under the Convention on Biological Diversity and track the contribution of development finance against its Target 19 on resource mobilisation.

Faced with multiple priorities, including the imperative of accelerating the global green transition, development co-operation providers are at risk of losing sight of a silent, yet devastating crisis that has been unfolding even before the COVID-19 pandemic: the alarming increase of poverty and inequalities in low and middle-income countries. And yet, not only are ending poverty and reducing inequalities at the core of their mandates, both are also essential to meeting their broader ambitions in terms of sustainable development worldwide. What opportunities – and risks – is the climate priority posing for the fight against poverty and inequality? Can just, green transitions reinvigorate development agendas? How can international development co-operation policy and finance help? Bringing together the latest evidence, data and insights from governments, academia, international organisations and civil society, the OECD Development Co-operation Report 2024 provides policy makers with concrete ways of delivering on their commitments to improve the lives of billions while fostering green, just transitions around the world.

This report synthesises evidence on biodiversity impacts from renewable power infrastructure, with a focus on solar power, wind power and powerlines.

The multilateral system channels a growing share of official development assistance (ODA), reflecting its increasing significance in an era of overlapping crises and development challenges. However, as the system is pressed to address an expanding array of humanitarian and development issues, its limitations are becoming apparent, prompting a strong push for reforms to enhance its capacity. This fourth edition of the Multilateral Development Finance report sheds light on the aid flows directed to and from the multilateral development system and assesses the impact of ongoing reforms. Highlighting the need to manage the risky trade-offs introduced by recent evolutions, such as the growing reliance on financial innovation, the report proposes solutions to make the system fit for the future. This edition is enriched with online data visualisations showing how members of the OECD Development Assistance Committee (DAC) use the multilateral system.

National Development Financial Institutions (NDFIs) are crucial in mobilizing investments for climate and environmental (C&E) objectives. NDFIs also need to manage C&E related financial risks. This report distills insights and guidance to provide recommendations for greening NDFIs.

The OECD’s Development Assistance Committee (DAC) conducts peer reviews of individual members once every five to six years. Reviews seek to improve the quality and effectiveness of members’ development co-operation, highlighting good practices and recommending improvements. France has embarked on an ambitious reform of its development co-operation in institutional, strategic and financial terms. In addition to a substantial increase in the resources devoted to official development assistance and a strengthening of its crisis response instruments, France has championed the linkages between the green and social agendas and the mobilisation of the private sector for sustainable development. The review discusses the difficult balance between the objectives of visibility and development impact, particularly in fragile contexts. It makes recommendations on combining political impetus, steering by objectives and flexibility; deepening the cross-benefits between the social, environmental, and economic dimensions of sustainable development; and, strengthening the contribution of local private sector to poverty reduction by optimising available resources and instruments.

This report by the OECD and the Islamic Development Bank demonstrates triangular co-operation’s relevance for delivering progress on sustainable development. In particular, it stresses its innovative approach to diplomacy, and its ability to bring together different stakeholders from across the global south and north in trusting partnerships that leverage the expertise, knowledge and resources of all partners.

This report explores evidence-based action areas to increase and accelerate the mobilisation of private finance for climate action in developing countries, and the role of international public finance providers in doing so.