Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Government of Finland : OECD: Finland must clarify its development cooperation priorities

11/06/2012| 09:18am US/Eastern
Recommend:
0

Press release 260/2012

Ministry for Foreign Affairs

6.11.2012 14.07

Finland must concentrate its development cooperation efforts and clarify their goals and benchmarks applied to them. At the same time, Finland must confirm how it can fulfil its international commitment to provide 0.7 per cent of GNI to development cooperation by 2015, the OECD points out in its review of Finnish development policy and cooperation system, published today, 6 November. The OECD makes 13 recommendations to Finland. By implementing these, Finland could improve the impact and predictability of its development policy, and therefore better support developing countries in their own efforts.

"The review highlights many issues that have already been addressed in the new Development Policy Action Plan. In addition, the Government has committed itself to increasing the otherwise frozen development co-operation funding by using the auction revenues obtained from the EU Emission Trading System," said Minister for International Development Heidi Hautala in the publication event.

The Ministry for Foreign Affairs has also addressed the issue of enhancing the focus in development cooperation.

"The new country programmes, used for steering the Finnish cooperation in the long-term partner countries, are an important tool for this purpose. Our assistance to multilateral organisations, such as the UN and development banks, will be reviewed during the winter and reformed on the basis of results obtained. As concerns NGOs, we are currently in the process of selecting new partner organisations, which will increase the programme-based work, as recommended by the OECD," Hautala explained.

The review also emphasises the role of policy coherence for development. According to the OECD, this is an area where Finland still has room for improvement.

"Reconciling different interests is not always easy, but we are making progress in this arena as well. We have selected food security as a specific theme and, for example, agricultural, fisheries, environmental, trade and development policies are all associated with it," Minister Hautala pointed out.

The OECD commends Finland for, for example, respect of the priorities set by the developing countries themselves, flexibility and the emphasis on the outcomes. The OECD considers, for example, the new business forum, aiming at seeking new opportunities for public-private sector partnerships for reduction of poverty, an excellent initiative.

Furthermore, the OECD encourages Finland to hold on to competent staff, to concentrate humanitarian aid efforts as well, and to inform openly and actively about this work.

The OECD Development Assistance Committee (DAC) reviews the development policy and cooperation systems of the member states every four to five years. The peer reviews are carried out by the OECD secretariat and representatives of two other member states. In addition to the secretariat, Finland's examiners this time were Switzerland and Austria. The OECD also follows up on the implementation of the recommendations made. The previous OECD review of Finnish development policy and cooperation was conducted in 2008.

Further information:
Hanna Rinkineva, counsellor, Ministry for Foreign Affairs, tel. +358 9 16056230, forename.surname@formin.fi

distributed by
Recommend :
0
Partner Area
React to this article
 
Latest news
Date Title
1m agoDJPhilippine Retailer Appoints Banks for Up to $800 Million IPO
5m ago Merck signs $5 billion share buyback agreement with Goldman Sachs
7m ago DNO INTERNATIONAL: Asa: notice of annual general meeting 2013
7m ago CERMAQ ASA: Exclusive dividend NOK 1.00 today
12m ago UNITED MICROELECTRONICS CORP.: UMC Establishes its Specialty Technology Center of Excellence in Singapore
12m ago ROYAL DUT ADR'B': ROYAL DUTCH SHELL PLC - RDS 2013 Scrip Reference Price
12m ago RENESOLA LTD.: ReneSola Obtains JET Certification for Japan Market
12m ago ING GROEP: to issue limited number of shares to fund incentive plans
22m agoDJINDONESIA FINANCE MINISTER: To Cap 2013 Budget Deficit at 2.5% of GDP
27m agoDJROCHE HOLDING LTD.: Roche Presents Lab Solution at European Conference
Latest news
Advertisement
Hot News 
Italy's RCS MediaGroup Asks Banks to Revise Terms of Refinancing Deal
SAIPEM SPA: SAIPEM: Rapid build-up in new contracts acquisition in E&C during second quarter
SOLOMON SYSTECH (INTERNATIONAL) LTD: Announcements and Notices - [Results of AGM] POLL RESULTS AT THE ANNUAL GENERAL MEETING HELD ON 24 MAY 2012
TECHNIP: Technip, in Consortium with Samsung and Huanqiu, Awarded Contract for LNG Project in Canada
MITSUI & CO LTD: Mitsui receives awards for wireless LAN launch and MIRAI next-generation steel system
Most Read News
1d ago APPLE INC.: Peter Oppenheimer's Opening Statement Before the Permanent Subcommittee on Investigations
1d ago BANK OF AMERICA CORP: Bank of Canada's Carney says Europe needs big reforms
1d ago Ireland rejects blame for Apple's low tax rate
1d ago Dimon clings to JPMorgan chairman title, after fight
1d agoDJINTUIT INC.: Intuit 3rd-Quarter Net Rises 12% on Small-Business Strength
Most recommended articles
39m ago Asian stocks cheered by Fed reassurance; BOJ stands pat
1d agoDJMARKET SNAPSHOT: U.S. Stocks Up Slightly On Fed's 'QE' Hints
3d ago PERPETUAL LIMITED: TRU: Correspondence to all shareholders re PPT
3d ago EDP: EDP/2008 – Flt. Rate Notes due 2018 (Stripped Note Entitlements) - 10th Coupon Interest Payment
5d ago European car sales end losing streak, respite may be brief
Dynamic quotes  
ON
| OFF
Copyright © 2013 Surperformance. All rights reserved.