Development Cooperation Report, 1998 : Efforts and Policies of the Members of the Development Assistance Committee, 1999 Edition.

The financial crises in emerging markets in the course of 1997 and 1998 have reinforced the basic thrust of the agreed OECD/DAC co-operation strategy . The challenges of development are more complex and formidable than many had foreseen, but the vulnerabilities revealed by the recent crises demonstrate the need to help strengthen the foundations of sustainable development. The basic challenge remains implementing people-centred and results-oriented partnerships to encourage and support locally-led efforts. This has now taken hold internationally as the standard for effective development co-operation. Yet, there remains a need to put partnerships into practice more swiftly and more systematically. "Staying the course" is the theme at the heart of the 1998 Development Co-operation Report. The report documents some of the progress achieved and underway to implement such strategies, and urges accelerated action with a wider range of partner-countries. This volume tracks DAC Members' efforts -- qualitative and quantitative -- to move ahead with the implementation of partnership strategies. Policy progress underway and expectations for further action are examined alongside the disturbing picture of further decline in 1997 in aid flows from the larger donors and, for the first time in this decade, an aggregate decline in private flows to the whole range of developing countries.