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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. Thanks to European Commission Audiovisual Services for the following footage: From 2'07'' to 2'17'' From 3'23'' to 3'29''. #oecd #development #aid #finance ABOUT THE OECD The Organisation for Economic Co-operation and Development (OECD) is an international organisation established in 1960 that works collaboratively to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. Together with governments, policy makers, policy shapers, and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting. To learn more about the OECD, our global reach, and how to join us, go to https://www.oecd.org/about/ To keep up with latest at the OECD, visit https://www.oecd.org/