Building a New Global Partnership for Effective Development Co-operation
Ministers from across the globe, from both developing and donor countries, government representatives, parliamentarians, civil society organisations and private sector representatives came together for the Fourth High-Level Forum on Aid Effectiveness at the Bexco convention centre in Busan, Korea, from 29 November to 1 December 2011.
The Busan Partnership for Effective Development Cooperation
Some 3000 delegates reviewed global progress in improving the impact and value for money of development aid and adopted the Busan Partnership for Effective Development Cooperation. The declaration establishes, for the first time, an agreed framework for development cooperation that embraces traditional donors, South-South cooperators, the BRICs, CSOs and private funders. It marks a turning point for international development cooperation. The partnership was agreed after extended negotiations,18 sherpas were elected to represent a wide group of stakeholders. The process was guided by the Working Party on Aid Effectiveness (WP-EFF), which brings together representatives of over 80 countries and organizations.
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 and United States Secretary of State Hillary Clinton.
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.
1st December 2011 -After extended negotiations, 18 sherpas elected to represent a wide group of stakeholders reached agreement on the Busan Partnership for Effective Development Cooperation.
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. This marks a turning point for international development cooperation. The process has been guided by the Working Party on Aid Effectiveness (WP-EFF), which brings together representatives of over 80 countries and organizations.
You can read the Busan Partnership for Development Effectiveness here
For more information see http://www.aideffectiveness.org/busanhlf4