Table of Contents

  • This eighteenth issue of Small States: Economic Review and Basic Statistics focuses on the future of overseas development assistance (ODA) and post-2015 development financing in small island developing states (SIDS), a topic that is particularly important in the lead-up to the United Nations’ summit on the post-2015 development agenda in September 2015. The feature article by Travis Mitchell, Economic Adviser at the Commonwealth Secretariat, reviews the decisions made by the Organisation for Economic Co-operation and Development - Development Assistance Committee (OECD-DAC) in December 2014 to reform the DAC statistical framework. Among other things, the reforms could potentially increase the level of assistance to vulnerable countries (including SIDS), revise reporting requirements for ODA, reconsider the treatment of market instruments in ODA, and introduce a new measure of aid (total official support for development). The paper assesses the impact these changes will have on development financing in SIDS. It concludes that, for DAC members to meet their commitment to expand assistance to SIDS, disbursements between 2015 and 2017 will have to be substantial, since ODA to SIDS is currently projected to fall by approximately 2.4 per cent during this period.

  • The Commonwealth defines small states as sovereign countries with a population of 1.5 million people or fewer. The Commonwealth also designates some of its larger member countries – Botswana, Jamaica, Lesotho, Namibia and Papua New Guinea – as small states because they share many of the characteristics of small states. Thirty-one of the fifty-three Commonwealth member countries are small states.