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The Economic Times

National / The Economic Times

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G7 calls for 'ambitious review' of OECD aid rules, pushes reform agenda

G7 ministers called for a significant review of OECD's DAC to incorporate private capital and non-traditional finance. The aim is to simplify development architecture, reduce costs, and improve efficiency, potentially benefiting countries like India by recognizing vulnerability beyond per capita income. Reforms will focus on existing tools to attract private investment and address crisis impacts.

30 Apr 2026 10:50 pm