Busan Partnership Agreement

Busan Partnership Agreement

The Busan Partnership Agreement establishes principles, commitments and measures that form the basis for effective cooperation to support international development. Overview l Busan Partnership Agreement l Opening ceremony l Busan Building Blocks l Five partnership principles l Context The global partnership for effective development co-operation was created as a direct result of the Busan Partnership Agreement. The Global Partnership will help ensure accountability for the implementation of Busan`s commitments at the political level. After lengthy negotiations, 18 Sherpas, elected to represent a broad group of stakeholders, agreed on the Busan Partnership for Effective Development Cooperation. Looking to the future, different sources of funding, knowledge and expertise play an important and complementary role for the future of development — and broad and dynamic partnerships provided for in the Busan Agreement will continue to give relevance to these principles. • Results-oriented: sustainable impact should be the driver of investment and development policy efforts The process was led by the DAC Working Group on Development Cooperation Effectiveness (EFF), which brings together representatives from more than 80 countries and organisations. Enter your email address below and we will send you the instructions for resetting building block sponsors of building block supporters. “Read the Busan Partnership Agreement in its entirety: Arabic l English l Spanish The evidence at the country level shows, however, that: countries and organisations that have supported the Busan Partnership for Effective Development Cooperation • Ownership of development priorities by developing countries: countries should define the development model they wish to implement. • Transparency and shared accountability: development cooperation must be transparent and accountable to all citizens In November 2015, in consultation with the Ministry of Foreign Affairs of the Republic of Korea, we drafted three reports for the 2nd Global Partners Forum.

Based on 50 years of field experience and research, the five principles that have been adopted in them have been agreed upon to promote local ownership, orient development programmes towards a country`s development strategy, harmonize transaction cost reduction practices, avoid fragmented efforts and create results frameworks. Countries and organizations present at HLF-4 were cited as supporters of the Busan Partnership Document, unless otherwise noted. All development actors, including traditional donors and emerging suppliers, must respect and maintain these key principles by fulfilling the promises they made in Busan. For this to happen, the global partnership must be under built on a strong vision, high-level political commitment and a robust but flexible global accountability mechanism. > Blog: Busan Aid Effectiveness Forum: A gain for the poor? “Full Busan Proceedings – including all abstracts and speeches from meetings The contribution of the Global Partnership for Effective Development Cooperation to the 2030 Agenda for Sustainable Development If you represent a government agency, organization, company or international organization and would like to join the Global Partnership, please email info@effectivecooperation.org. . . .

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