During a recent two-day ministerial meeting, the G7 nations called for an ambitious review of the OECD's Development Assistance Committee (DAC) to better reflect the role of private capital in development finance. The communique stressed the need to simplify the global development architecture, aiming to reduce transaction costs and improve efficiency. While the DAC framework determines aid eligibility, there are increasing calls for reform as some countries with high per capita income still face structural vulnerabilities. This could allow nations like India to access targeted concessional finance for sectors such as climate transition and infrastructure. The G7 also pledged to strengthen coordination to address crises that disproportionately affect the vulnerable and emphasized the importance of existing financial tools over new mechanisms. The meeting, held under the French presidency, included representatives from emerging economies like India, Brazil, and Kenya, highlighting a commitment to inclusive development discussions.