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Thursday, June 25, 2009

OECD DAC Recognizes an Increase in UNESCO's Development Aid

The Director-General of UNESCO has been notified that a DAC Working Party has decided to raise the UNESCO ODA coefficient from 25% to 44%, with the change to take effect as from the current year reporting on ODA flows in 2008.

At its May 2009 meeting the Organization for Economic Cooperation and Development (OECD) Development Assistance Council (DAC) Working Party on Statistics reviewed and approved a general methodology for assessing official development assistance eligibility (ODA-eligibility) of international agencies and for deriving coefficients for international agencies. This coefficient is designed to assess the percentage of an organization’s activities which contribute to development according to OECD’s definitions.

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