In Busan, Korea, at the occasion of the Fourth High Level Forum on Aid Effectiveness (HLF-4, 29 November-1 December 2011), over 3000 delegates met to review progress on implementing the principles of the Paris Declaration. They also discussed how to maintain the relevance of the aid effectiveness agenda in the context of the evolving development landscape.
The Forum culminated in the signing of the Busan Partnership for Effective Development Co-operation by ministers of developed and developing nations, emerging economies, providers of South-South and triangular co-operation and civil society, marking a critical turning point in development co-operation.
The Busan Partnership for Effective Development Cooperation
Read the Document in full in English or French
After extended negotiations, 18 sherpas - elected to represent a wide group of stakeholders - reached agreement on the Busan Partnership for Effective Development Co-operation. This declaration for the first time establishes an agreed framework for development cooperation that embraces traditional donors, South-South cooperators, the BRICs, CSOs and private funders.
The process was guided by the OECD-DAC hosted Working Party on Aid Effectiveness (WP-EFF), which brings together representatives of over 80 countries and organisations.
The official opening ceremony took place on the morning of 30th November, 2011. During the ceremony, speeches were made by the President of the Republic of Korea, Lee Myung-bak, Korean Vice-Minister of Foreign Affairs Min Dong-seok (read the article here), OECD Secretary-General Angel Gurría, United Nations Secretary-General Ban Ki-Moon, Rwandan President Paul Kagame, Queen Rania of Jordan, United States Secretary of State Hillary Clinton and Antonio Tujan, Chair of the Better Aid Coordinating Group of Civil Society Organizations.
The Fourth High Level Forum on Aid Effectiveness in Busan, Korea follows meetings in Rome, Paris and Accra that helped transform aid relationships between donors and partners into true vehicles for development cooperation.
Based on 50 years of field experience and research, the five principles that resulted from these fora encourage local ownership, alignment of development programmes around a country’s development strategy, harmonisation of practices to reduce transaction costs, the avoidance of fragmented efforts and the creation of results frameworks.
Looking ahead, diverse sources of finance, knowledge and expertise play a key role in the future of development - and broad, dynamic partnerships will continue to give these principles relevance.
Partner country members of the Working Party on Aid Effectiveness have outlined their vision and priorities for HLF4. Download here.
Published by OECD. For more information, click here.