Rethinking development finance: Three guiding principles

How can development finance and aid policies be improved?
To start, it's important to define development aid more clearly. Private capital flows are now much bigger than traditional aid and there has been a geographical shift in where the world's poorest people live. The OECD is working to modernise the way it defines and quantifies aid. A new, broader measure of official support for development reflects the big changes in aid since the concept of Official Development Assistance (ODA) was first devised.
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