OECD DAC

Lux­em­bourg has been a mem­ber of the OECD’s Devel­op­ment Aid Com­mit­tee (DAC) since 1992. A unique inter­na­tion­al forum, the DAC brings togeth­er the largest providers of devel­op­ment assis­tance, and has 30 members.

The over­ar­ch­ing aim of the DAC for the 2018 – 2022 peri­od is to pro­mote devel­op­ment coop­er­a­tion and oth­er rel­e­vant poli­cies so as to con­tribute to the imple­men­ta­tion of the 2030 Agen­da for Sus­tain­able Devel­op­ment, includ­ing sus­tained, inclu­sive and sus­tain­able eco­nom­ic growth, pover­ty erad­i­ca­tion, improve­ment of liv­ing stan­dards in devel­op­ing coun­tries, and to a future in which no coun­try will depend on aid.

In order to achieve this over­ar­ch­ing objec­tive, the Committee’s activ­i­ties include mon­i­tor­ing the resources that sup­port sus­tain­able devel­op­ment, assess­ing them and report­ing on them; review­ing devel­op­ment coop­er­a­tion poli­cies and prac­tices and uphold­ing inter­na­tion­al norms and stan­dards; car­ry­ing out analy­sis, devel­op­ing guid­ance and col­lect­ing good prac­tice to assist the mem­bers of the DAC and the expand­ed donor com­mu­ni­ty to enhance inno­va­tion in devel­op­ment coop­er­a­tion, devel­op­ment impact and effec­tive­ness and the results pro­duced by devel­op­ment cooperation.

As part of this remit, in 2020 the DAC con­duct­ed a mid-term review of the peer review of Lux­em­bourg. This wel­comed the sol­id progress made, par­tic­u­lar­ly in the area of inclu­sive finance, digi­ti­sa­tion and cli­mate change. Among the country’s key actions are nation­al whole-of-gov­ern­ment strate­gies, a dia­logue and mech­a­nisms designed to bring about more coher­ence in pub­lic action, and invest­ment in infor­ma­tion man­age­ment. Since Lux­em­bourg is a leader in sus­tain­able and inclu­sive finance, the mid-term review encour­aged it to pro­mote the inte­gra­tion of devel­op­ing coun­tries with­in sus­tain­able finance. Invest­ment in its cross-cut­ting pri­or­i­ty, i.e. the envi­ron­ment, and the think­ing about how to address fragili­ty and risk man­age­ment were picked out as areas to focus on for fur­ther progress.