Official development assistance for the MDGs and economic growth

Official development assistance (ODA) has acquired a pivotal position in economic relations between developed and developing countries in the context of Goal 8 of the Millennium Development Goals (MDGs), which calls for a global partnership for development. To help developing countries achieve the MDGs, all States subscribing to the Monterrey Consensus (United Nations, 2002) recognized the need for concrete efforts to reach the quantitative targets for ODA that have long been on the international cooperation agenda. Furthermore, in 2005 most DAC donors set ambitious targets for increasing their ODA. However, despite a substantial rise in ODA disbursements, as of 2007 most donors were not on track to meet these targets (OECD, 2008).

Sustainable Development Goals:

Decent Work and Economic Growth

Partnerships for the Goals