On Thursday May 26, OECD Ministers endorsed a new “Framework for an OECD Strategy on Development.” The Framework parallels the new approach to development recently adopted by the United States. The forthcoming OECD development strategy, to be launched January 2012, will contribute to sustainable growth for the widest number of countries. This will be accomplished by greater collaboration between the OECD and developing countries, including sharing of policy successes and failures, engaging in mutual learning, as well as deepening partnerships between the Organization and developing countries.
The strategy will build on the OECD’s core multi-disciplinary and development cooperation competencies and will complement, not replicate, the efforts of other international and regional organizations and donors.
A number of on-going U.S.-supported efforts at the OECD exemplify this new approach. These efforts include the OECD’s Tax and Development Program, the Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, and the NEPAD-OECD Africa Investment Initiative.
The OECD’s new approach will contribute to establishing more substantive partnerships for development among nations and private entities and shaping the new international development cooperation architecture to emerge from the High Level Forum on Aid Effectiveness in Busan, Korea, in November 2011.