The EU, along with a group of countries, is pushing for a relaxation in how debt relief is defined in the latest round of talks at the OECDs Development Assistance Committee (DAC) on Thursday (25 June), EURACTIV understands.
The DAC sets the rules on how international development aid is defined and accounted for towards the target of 0.7% of gross national income (GNI) agreed by donor countries, which include the EUs member states.
A handful of countries that give most of their aid as loans, which include France and Germany, as well as the EU, are among those pushing most strongly for changes that could allow donor countries to claim incentives both for offering riskier loans and then for restructuring or writing them off as debt relief…
Read the full article at: https://www.euractiv.com/section/development-policy/news/eu-among-group-pushing-for-relaxation-of-debt-relief-rules/
