Back in 1996, when South Korea voluntarily quit the 132-member Group of 77 (G77) – described as the largest single coalition of developing nations -- it joined the 34-member Organisation for Economic Cooperation and Development (OECD), long known as the “rich man’s club” based in Paris.
The growth in global interdependence poses greater challenges to policy makers on a wide range of issues and for countries at all levels of development.
When international donors pledge millions of dollars either for post-conflict reconstruction or for humanitarian aid, deliveries are rarely on schedule: they are either late, fall far below expectations or not delivered at all.
Three years ago the United Nations initiated a conversation on a successor to the Millennium Development Goals (MDGs) and how the global community can lay foundations for an ambitious endeavour to eradicate extreme poverty, protect the planet, reduce vulnerability to shocks and ultimately raise the dignity of all humanity.
The key priorities of the Group of 77 developing countries (G77) remain somewhat aligned around a set of issues that have been present from the beginning of the FfD negotiations in New York.
Implementation of the ambitious post-2015 development agenda which will be adopted in September 2015 at the United Nations depends to a large extent on funding.
More than four decades ago, the richer members of the international community committed to deliver at least 0.7 percent of their respective national incomes as official development assistance.
My colleagues just got back from Munich, where we held a summit bringing together over 250 young volunteers from across Europe. These youngsters campaigned in the run-up to and at the doorstep of the G7 Summit in Schloss Elmau, as one of the key moments in a year brimming with opportunities to tackle extreme poverty.
Persistent gaps between the promises made, and actually delivered, by developed countries to developing countries, hold back efforts to improve people’s lives and end poverty.
Developed countries report that they delivered more than 33 billion dollars in Fast Start Finance (known as FSF), beyond the pledges they made at COP 15 in Copenhagen in 2009. Recent analysis suggests that the funding delivered may have exceeded 38 billion dollars. But that is not the whole story.
As Japan slips from its former top spot as the world’s biggest donor, experts here are worried about long-term changes in the country’s development assistance programme, which has played a crucial role in global poverty reduction efforts.